I'm about to graduate with my BSN in a few weeks and was contacted for an interview for Memorial Hospital's nurse residency program. I wasn't planning on doing a residency program, so I know very little about residencies in general and how they work. The nurse recruiter told me about an $8,000 promissory that I would have to sign if offered a position along with a 4 year contract. She also said that if I left before 4 years, I would have to pay back the hospital. I was in information overload when I was speaking with her, and didn't ask what this was for. Is it something they give to me in return for signing a contract, or is it the cost of the training?
If anyone has any experience with this hospital, please let me know what it was like! I would hate to sign a 4 year contract and hate my job.