Loan buyback/ starting pay

U.S.A. Louisiana

Published

I've seen several threads about different hospitals' loan buy backs and starting pay. I'm sure I'm not the only one who wants to know who's paying what, and who will give us money for our loans. I'm particularly interested in NO and BR hospitals... let's discuss!!:D

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Specializes in med-surg, telemetry.

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

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Specializes in med-surg, telemetry.

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

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thanks for the info!

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Specializes in Peds and Well baby.

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.

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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.

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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.

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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.

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Specializes in Peds and Well baby.

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

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Specializes in MICU, Burns, Med Surg.

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.

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do your math..getting loans paid off is definitely a plus

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does anyone have info on new RN pay at the Lake? I've heard that it may be lower than other hospitals for some reason?

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