Education & Student Aid · Surprise rank #109
Teach Nursing? New York Can Wipe Out Up to $40,000 of Your Student Loans
Nursing Faculty Loan Forgiveness Incentive Program
Who
New York-licensed registered nurses with a qualifying graduate degree who work as nursing faculty or adjunct clinical faculty at a nursing school in New York and have eligible nursing-education debt.
Where: New York State; qualifying faculty employment must be at a nursing school located in New York.
What to do
Start here: Check the HESC Nursing Faculty Loan Forgiveness page for the next application window and confirm your faculty service and loan eligibility. The current application cycle is closed.
Eligibility: New York nursing licensure, faculty employment, residency and eligible student-loan rules apply.
What you get
Qualifying nursing faculty in New York can receive student-loan forgiveness for continued service.
Benefit: Up to $8,000 per qualifying year and up to $40,000 lifetime.
Possible value: Up to $40,000 of eligible student-loan debt.
Good to know
Important: You cannot apply during the current closed cycle. Qualifying faculty service must meet HESC rules, and Parent PLUS loans, Perkins Loans and several non-qualifying private or consolidation debts are excluded. Forgiveness payments may have tax implications.
Availability: Recurring program; current application cycle closed.
Status: Current application cycle is closed.
Why people miss it: Nursing educators may hear about bedside-worker loan programs but miss this separate award specifically for nursing faculty.
Sources reviewed: Aug 10, 2026