But now, students in the Mercy/SBU program will have a chance at part of a $230,000 grant. The federal funding will reimburse up to 85 percent of their students loans if they become a full time nurse educator. "I would have liked to save the money, so it's kind of bittersweet. It makes me almost want to do it again, almost," says Soles. "It's a great opportunity no matter how you look at it," says Rick Leroux, a clinical instructor for the college of nursing. It comes as nursing educators will soon be in even higher demand. "Currently, the average age amongst nurse educators in the nation is around 56, so a large portion of the nurse educators are going to be retiring," says Lilly. "So it's important for us to be proactive in promoting furthering education amongst all nurses." The financial aid option will be available beginning this Fall, for students in the master of science in nursing education program. SBU receives grant funding that will help address nursing shortage in southwest Missouri Students in MSN nursing educator program have a new financial aid option SPRINGFIELD, Mo. — Southwest Baptist University has received a $230,000 grant that will help address the area’s nursing shortage by providing a new financial aid option for some students at SBU’s Mercy College of Nursing and Health Sciences in Springfield. The Nurse Faculty Loan Program provides for loan forgiveness of up to 85 percent during a four-year period after graduation if the student becomes a full-time nurse faculty at any accredited university in the United States.
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