Loan buyback/ starting pay

Ochsner New Orleans has RN loan reimbursement up to $300/month.:wink2:

Ochsner starting pay for new grads $22.50, $3/hr evenings, $5/hr nights $5/hr weekends.

Just got hired at West Jeff. #22.75 base, $4.00 for nights, $5.00 weekends, and they have a loan reimbursement program that even pays back for pre-reqs at up to $400.00 mth.

North Oaks starts at $21.50 with benefits, $27.50 without benefits. $3.00 diff for ICU, $1.50 diff for step down. Other diffs are $3/$4/$5 for e/n/w.

Loan payment program is $5000/yr (GROSS), which means for each you of a contract you sign, you net about $3500.00. I signed a three year contract upon graduating, and I received a check for a little over $10K.

If you have any other questions, let me know.

So if my loan balance is $5000, and my monthly note is $200...does the hosp. pay the $200/month? or do they pay the max of say $400 (or whatever that hosp offers) until the loan is paid off? Just curious.

You can sign a 1 or 2 year contract at North Oaks (it would fall somewhere around 18 months or so). You are given a contract amount that will pay off your entire student loan balance, but there is a difference between gross and net. For instance, with a 1 year contract, it is a $5k gross payment, but you net about $3450. They take taxes out like it is a big bonus. Sucks, but it is free money, and it is better than nothing.

West Jeff wants to see your loans and will pay UP TO $400.00.

Touro pays back $300/month and East Jeff pays $400/month on student loans. No contracts involved. I would also check hospitals in BR for the same type programs.