Nursing Student Loan Forgiveness Program
Program Overview
The Florida Legislature established the Nursing Student Loan Forgiveness Program (NSLFP) in 1989 to encourage qualified personnel to seek employment in areas of the state where critical nursing shortages exist. The program provides funds to assist in the repayment of nursing education loans.Eligibility Requirements
Applicant must:- Be licensed as an LPN, RN, or ARNP in the state of Florida
- Have loans incurred toward a nursing education
- Work full-time at one of the designated employment sites established in Section 1009.66, Florida Statutes (listed below)
Designated Employment Sites and Facilities
- State of Florida operated medical and healthcare facilities
- Public schools
- Department of Health county health departments
- Federally sponsored community health centers
- Teaching hospitals*
- Family practice teaching hospitals*
- Specialty hospitals for children*
- Match facilities - Other Florida licensed hospitals, birth centers and nursing homes must be matched on a dollar-for-dollar basis by contributions from the employing institutions.
Loan Payment
- From funds available, the program may make nursing education loan repayments of up to $4000 per year, per nurse enrolled in the program, for a maximum of four years.
- Payment is made at the end of each 12 month enrollment period and made directly to the participant’s lender.
- Enrollment and payment of awards is based on available funds.
Enrollment Dates and Application Timeframes
|
NEW APPLICATION TIMEFRAMES |
DEADLINE |
ENROLLMENT DATE |
QUARTER |
| May 1 - June 1 | June 1 |
July 1
|
1st |
| August 1 - September 1 | September 1 |
October 1
|
2nd |
| November 1 - December 1 | December 1 |
January 1
|
3rd |
| February 1 - March 1 | March 1 | April 1 |
4th
|
Enrollment Dates and Renewal Timeframes
|
RENEWAL TIMEFRAMES |
DEADLINE |
ENROLLMENT DATE |
QUARTER |
| June 1 | July 31 |
July 1
|
1st
|
| September 1 | October 31 |
October 1
|
2nd
|
| December 1 | January 31 |
January 1
|
3rd
|
| March 1 | April 30 | April 1 |
4th
|
Program Links
|
The initial application is closed until next quarter.
|
| October Renewal Packet |
| Designated Sites |
| FAQ |
| Laws and Rules |
| Additional Resources |
| Contact Us |
Important Notice - Income Tax Reporting
Nursing Student Loan Forgiveness Program payments made to participants are considered exempt from federal income taxes.The Affordable Care Act of 2010 amends the Internal Revenue Code section 108(f) and retroactively expands the tax exclusion for amounts received under state loan repayment or loan forgiveness programs that are intended to increase the availability of health care services in underserved areas. Below is a link to the Internal Revenue Service News Release: IRS Link
Great Resources
