If you live in that area and don't have a problem with having to fork up $100 simply for the application fee and get in I guess it would be a good deal. At least you know you have a job for three years after graduation. During that time you could gain experience, most employers that pay more money are not looking for the new grads to give it to, Then during that three years you could obtain a BSN or ADN in the meantime from a traditional program or online format without having to gain access into an actual " nursing " program. Something like the Uof P RN to BSN program. Save your student loan money for that... you'd need it and with sign on bonuses from hospitals for nurse's with experience you'd be able to pay those off too, some even pay off student loans ( VA ) and some even pay u up to $150 a month in student loan payments for you for the duration of your employment with them. Then again there are those Student Loan Forgiveness Programs for Nurses too.
OK I think I just talked myself into it... LOL

Would be nice.