Nursing Students Receive More Than $1 million for Nurse Faculty Loan Program at Barry University

Barry University’s College of Nursing and Health Sciences was awarded $1,205,091 for graduate nursing students from the Health Resources and Services Administration (HRSA) of the U.S. Department of Health and Human Services.

The purpose of the loan program is to increase the number of qualified nursing faculty and help facilitate nursing education to address America’s nursing workforce shortage.

A nurse accepted into the Nurse Faculty Loan Program can expect an 85 percent forgiveness policy, meaning only 15 percent of the loan would be paid back, if they begin teaching as a full-time faculty member at any college or university, including Barry, after graduation for up to four years.

Since 2009, the HRSA grant has allowed more than 200 nurses to return to school for their master’s and doctoral degrees who would otherwise not have been able to. This year 30 nurses will be afforded the same opportunity to earn their doctoral degree in nursing.