LES BIBLIOTEQUES DE SANT MARTÍ
LA COL·LECCIÓ DOCUMENTAL
FY 2014 Final FY 2015 Enacted FY 2016 President’s Budget FY 2016 +/- FY 2015 BA $24,500,000 $26,500,000 $26,500,000 --- FTE 1 1 1 ---
Authorizing Legislation: Section 846A of the Public Health Act, as amended by the Affordable Care Act
FY 2016 Authorization ... Expired FY 2015 Allocation Method ... Formula Grant Program Goal and Description: The Nurse Faculty Loan Program (NFLP) seeks to increase the number of qualified nursing faculty by helping participating schools of nursing to provide student loans to assist nurses in completing their graduate education. Grantee schools establish and manage a loan fund and are required to contribute at least one-ninth of the award amount from their institution into the loan fund. Following graduation, the nursing school will cancel up to 85 percent of the loan principal and interest over four years in exchange for the loan recipient serving as full-time faculty service at an accredited school of nursing.
Need: The primary barrier to accepting all qualified students at nursing colleges and universities continues to be an insufficient number of qualified nursing faculty. According to two 2013 studies of nursing schools, almost two-thirds of nursing schools could not accept all of their qualified applicants because of faculty shortages, which includes at least 1,358 faculty vacancies across 680 schools. 124,125 Faculty diversity is also an essential ingredient in the efforts to
diversify the nursing education workforce overall.
Eligible Entity: Accredited schools of nursing that offer advanced nursing education degree program(s) that prepare graduate students for roles as nurse educators.
124 American Association of Colleges of Nursing (Nurse Faculty Shortage Fact Sheet (updated December
2013).http://www.aacn.nche.edu/media-relations/fact-sheets/nursing-faculty-shortage).
125 American Association of Colleges of Nursing. Special Survey on Vacant Faculty Positions for Academic Year
2013-2014. http://www.aacn.nche.edu/leading-initiatives/research-data/vacancy13.pdf
Designated Health Professions:
Targeted Educational Levels:
Grantee Activities:
• Nursing • Graduate (master’s and doctoral)
Loan Fund:
• Provide funding to nursing schools to establish and operate revolving loan fund.
• Provide low interest rate loans to nursing students that may be used to pay costs of tuition, fees, books, laboratory expenses, and other education expenses.
• Match of at least 1/9 of the Federal contribution to the loan fund. Loan Cancellation Provision:
• Provide loan cancellation upon completion of service with 85 percent cancellation after 4 years of service.
Program Accomplishments: In Academic Year 2013-2014, the Nurse Faculty Loan Program (NFLP) supported a total of 2,401 nursing students pursuing a graduate-level degree as nurse faculty—exceeding the program’s performance target of 1,510 by 59 percent. Results showed that the majority of students (73 percent) who received loans during the academic year were those pursuing doctoral level nursing degrees (e.g., PhD, DNP, or EdD). The majority of NFLP loan recipients were female (92 percent); between the ages of 40 and 59 (60 percent); and received a median loan amount of $10,855. Further analyses of data showed that 17 percent of students who received a loan reported coming from a disadvantaged background and about 1 out of every 4 students are considered underrepresented minorities. Of the 2,401 students who received a NFLP-funded loan, a total of 579 graduated from their degree programs by the end of academic year—exceeding the program's performance target. It is estimated that about 1 out of every 5 NFLP loan recipients who graduated is considered an underrepresented minority in the nursing profession.
Results indicated that 92 percent of graduates who are NFLP loan recipients intend to teach nursing. Further analysis showed that 47 percent of students who graduated in academic year 2012-2013 have obtained a full-time faculty appointment.
The number of schools that received new NFLP grant awards in FY 2013 was 103. While the performance target of 114 was not met, it is important to clarify that the number of schools receiving a new NFLP award does not equate to the number of schools providing NFLP loans to graduate-level nursing students. In order to receive a new NFLP award, schools must meet certain criteria with regard to available fund balances. However, even schools that do not receive new awards may continue giving out loans with the accounts they have already established. Therefore, although 103 schools received a NFLP award this academic year, 173 schools provided NFLP loans to nursing students in Academic Year 2013-2014.
Funding History FY Amount FY 2012 $24,553,000 FY 2013 $23,256,000 FY 2014 $24,500,000 FY 2015 $26,500,000 FY 2016 $26,500,000 Budget Request
The FY 2016 Budget Request is $26,500,000. The FY 2016 Budget is the same as the FY 2015 Enacted level. This request will fund schools of nursing in establishing and operating loan funds that support 2,200 nurses training to become nurse faculty. In FY 2016, the program will
continue to implement the redesigned approach that was started in FY 2015. The redesigned program focuses on better preparing students to teach and enables both tenure track and non- tenure track faculty to be eligible for loan forgiveness. The program will also continue its focus on efforts to increase the number of doctorally prepared nurse faculty.
The funding request also includes costs associated with the grant review and award process, follow up performance reviews, and information technology and other program support costs. Outcomes and Outputs Tables
Measure
Year and Most Recent Result /Target for Recent
Result (Summary of Result)126 FY 2015 Target FY 2016 Target FY 2016 +/- FY 2015 Number of graduate-level nursing
students who received a loan127
2,401 Target: 1,510 (Target Exceeded)
2,200 2,200 Maintain Number of loan recipients who
graduated from an advanced nursing degree program128
579 Target: 275 (Target Exceeded)
275 275 Maintain
Percent of loan recipients who graduated from an advanced nursing degree program and obtained a full- time faculty appointment within 12
--- Set
Baseline TBD ---
126 Most recent results are for Academic Year 2013-2014 and funded in FY 2013.
127 The wording for this measure has been revised from previous budget documents to better reflect measures
collected.
128 The wording for this measure has been revised from previous budget documents to better reflect measures
collected.
186
Measure
Year and Most Recent Result /Target for Recent
Result (Summary of Result)126 FY 2015 Target FY 2016 Target FY 2016 +/- FY 2015 months
Number of schools receiving NFLP awards
103129 Target: 114 (Target Not Met)
N/A130 N/A ---
Grant Awards Table
(whole dollars) FY 2014 Final FY 2015 Enacted FY 2016 President’s Budget Number of Awards 93 114 114 Average Award $250,000 $225,000 $225,000 Range of Awards $5,000-3,167,000 $5,900-$2,550,000 $5,900-$2,550,000
129 An additional 70 schools had sufficient loan funds from previous NFLP awards and did not request funds this
year. A total of 173 schools gave NFLP awards to students.
130 Measure will be discontinued in FY15.
187