Funding for Iowa nursing programs - KWWL - Eastern Iowa Breaking News, Weather, Closings

Funding for Iowa nursing programs

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WASHINGTON (KWWL) - Nearly a quarter of a million dollars is coming to three Iowa colleges to help improve the number of nurses.

The U.S. Department of Health and Human Services has awarded three competitive grants totaling $232,735 to Allen College in Waterloo, Clarke College in Dubuque, and the University of Iowa in Iowa City through the Nurse Faculty Loan Program.

The funds will be distributed as shown below.

  • Allen College will receive $24,740.
  • Clarke College will receive $75,548.
  • University of Iowa will receive $132,447.

According to the U.S. Department of Health and Human Services, the Nurse Faculty Loan Program works to increase the number of nursing faculty by supporting the development of a student loan fund in schools of nursing to increase the number of qualified nursing faculty. 

The U.S. Department of Health and Human Services enters into an agreement with schools of nursing to establish and operate revolving student loan funds.  Students may receive loans up to $30,000 per year for a maximum of 5 years.  The program has a cancellation provision for up to 85 percent of loans for recipients working full-time as nursing faculty for a period of four years.  Twenty percent of the principal and interest may be canceled for each of the first second and third years.  In the fourth year, 25 percent may be canceled with full-time employment as a nursing faculty.  This encourages nurses to choose an academic career, an important incentive in an environment with low levels of nurse faculty that too often results in students being turned away from nursing schools.

Online producer:  Adam Amdor

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