Nursing Grant Program | school news

PORTSMOUTH — Federal benefits administrator FedPoint® announced that the application window for its nursing grant program is now open. The company plans to award four $5,000 grants in spring 2023. Application deadline is March 6th.

Currently, to qualify for the scholarships, candidates must reside in either New Hampshire, Maine, or Massachusetts and be accepted into an accredited nursing program. FedPoint said it will announce the scholarship winners during National Nurses Week each May. For more details on the scholarship, eligibility requirements, decision criteria, and application timeline, visit fedpointusa.com/scholarships.

FedPoint first announced the launch of the grant program in May 2022, with the goal of addressing the current shortage of qualified nurses and empowering the future nursing workforce in northern New England and beyond. The company employs several dozen registered nurses who provide care coordination services to beneficiaries and family members as part of the administrative services for the Federal Long Term Care Insurance Program (FLTCIP).

“As the FLTCIP administrator, we are all too aware of the need for more nurses,” said Paul Forte, CEO of FedPoint. “These shortages have been exacerbated during the pandemic, and with approximately 70 million baby boomers in the United States either retiring from nursing or nearing retirement, we are headed for a crisis unless we continue to train more nurses. We hope these scholarships will attract candidates to the profession, help them financially facilitate their path, and express our respect and gratitude to those dedicated to this venerable field.”

Members of FedPoint’s own care coordination team are placed on the application review panel by nurses from several regional institutions, including the New Hampshire State Council of the Emergency Nurses Association, the Cornerstone Visiting Nurse Association and the Northeast Rehabilitation Hospital Network.

“We are extremely pleased that FedPoint will award grants to inspiring future nurses,” said Julie Reynolds, RN, MS, and President and CEO of Cornerstone VNA. “Nursing school is intense, and easing a student’s financial burden a little will help them succeed. It is vital that we all get involved in supporting efforts to increase care capacity as our population ages and the need for healthcare increases. Cornerstone VNA applauds FedPoint’s efforts to support caregivers and recognize the need and value of their work.”

The grant comes at a critical time for the region’s healthcare industry as the COVID-19 pandemic has exacerbated ongoing shortages of nurses.

“During COVID, we lost many exceptional frontline nurses to burnout and retirement,” said Marilyn Staff, RN, FedPoint’s Director of Care Coordination. “We are trying to raise awareness that nursing is still a great career option with opportunities across a wide range of care settings, built-in job security and the opportunity to make a meaningful, positive contribution to people’s lives on a daily basis. The FedPoint scholarships are our way of saying, “Thank you, we support you” to those who have chosen a career path dedicated to caring for others.”

According to the US Bureau of Labor and Statistics, an average of about 195,000 registered nursing positions are projected to open annually over the next ten years.

FedPoint, formerly known as LTC Partners, rebranded in 2020. The company also manages BENEFEDS, an online platform through which millions of active and retired federal civilians and uniformed service members obtain coverage through Federal Employees Dental and Vision Insurance Program (FEDVIP). The company recently expanded its benefits platform to include additional product offerings, including health insurance.

For more information on the FedPoint Nursing Scholarship, visit fedpointusa.com/scholarships.

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