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How
much of my loan will the NSLFP forgive?
The NSLFP will pay up
to $4,000 for each year you are a participant in the program for a
maximum of four (4) years.
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How long am I
eligible to participate in the NSLFP?
You may participate in
the NSLFP a maximum of four years, or until the outstanding principal
balance of your nursing student loan is paid in full, whichever
occurs first. No program participant will be continued in the
program once 100% of the verified outstanding principal balance of
student loan, incurred toward a nursing education, has/have been
resolved. [Back to top]
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How do I know if I am
eligible for enrollment into the NSLFP?
In order to be eligible
for enrollment into the NSLFP, a nurse must:
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Be currently licensed
by the Florida Board of Nursing as a Licensed Practical Nurse (LPN), a
Registered Nurse (RN), or an Advanced Registered Nurse Practitioner
(ARNP),
-
Have an outstanding
current student loan incurred toward a nursing education;
-
Not
be or have been in default status on the nursing student loan;
-
Be
employed full-time as a nurse at a designated site.
[Back to top]
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When can I apply for
enrollment into the NSLFP?
Enrollment into the
NSLFP is quarterly. Complete Applications must be received during any
of the following application periods:
November 1 -
December 1
February 1 - March 1
May 1 - June 1
August 1 - September 1
[Back to top]
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What determines who is
enrolled?
Enrollment is based on available funds and awarded in order of the
following criteria:
- Complete
application packet
- Designated Site
priority
- Date application
received
[Back
to top]
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When do I receive a
payment?
You do not receive a
check. Payments are made at the end of each 12-month enrollment
period. The payments are made directly to the lender or holder of your
loan, to be applied to the outstanding principal balance only, of your
nursing student loan(s). [Back to top]
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Are payments
retroactive to when I first started employment at a site?
No. The participation/employment year begins on the date you are
actually enrolled into the program and concludes 365 days afterward.
[Back to top]
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Will I be reimbursed
for payments I have already made to my lender toward my nursing student
loans?
No. The program assists you in paying off the outstanding principal
balance only, of student loan(s) incurred toward your nursing
education. A condition of the program is that you must continue to make
your monthly payment or whatever arrangement you have with your lender.
[Back to top]
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May I add a loan
after I am enrolled into the program?
No. You may not add
additional loans after you are enrolled in program. It is very important
that you supply an original of the required Attachment 2, Loan Principal
Certification Form, preferably completed in blue ink for each of your
nursing student loans with your application. [Back to top]
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I have more than one
student loan for my nursing education. Will the NSLFP pay off the
outstanding principal balances of each these loans? Payment is
made to the lender with the largest outstanding loan principal balance,
first. If the largest principal balance is paid and eligibility
remains, the remaining payments will be made toward the next largest
outstanding loan principal balance. [Back to top]
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Where does the
funding for the NSLFP come from?
The NSLFP is contingent
upon available funds in the Nursing Student Loan Forgiveness Trust
Fund. This trust fund derives all its monies from a fee of $5 that is
paid by nurses in Florida at initial licensure and renewal.
[Back to top]
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Are loans from
parents, spouse, relatives, friends, or cash advances on credit cards,
eligible to be paid through the NSLFP?
No. Only the
outstanding principal balance of those loans incurred from state or
federal programs or commercial lending institutions, for your nursing
education, which you are personally responsible for, are eligible.
[Back to top]
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What happens if I
cease employment at a designated site and subsequently become employed
at another designated site?
Participants are required to maintain fill-time employment at a
designated site for each enrollment year, with no break in service (i.e.
greater than 31 days). [Back
to top]
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Am I eligible to
continue in the program if I go out on maternity or medical leave?
Yes, provided the leave
is an approved maternity or medical leave and does not result in a
change of employment status. [Back to top]
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Are Federal
Veteran's Administration (VA) Hospitals designated as eligible sites for
enrollment into the NSLFP?
No. Federal Veteran’s
Administration (VA) Hospitals do not qualify as eligible employment
sites for enrollment into the NSLFP. However, VA Nursing Homes operated
by the State of Florida are eligible. [Back to top]
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