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Loan Repayment?



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Apr 23, 2007 09:13 PM

Loan Repayment?


What hopsitals in Middle Tennessee offer loan repayment?

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14 Comments
No. 1
Old Apr 24, 2007, 12:06 AM
Updated Apr 24, 2007 at 12:08 AM by Mommy TeleRN

Default Re: Loan Repayment?
FYI I heard Methodist removed their cap to how much they will repay...the only catch is the loan has to be related to your healthcare degree (can't be from an old degree in another field)
They also raised their pay this week .. I think everyone is scrambling to keep up with Baptist. New grad pay at Methodist is 20.25.
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No. 2
Old Apr 24, 2007, 04:25 PM

Default Re: Loan Repayment?
I'll tell you this, Middle Tennessee has some catching up to do!
I just called two hospitals and neither offers loan repayment or internships!

I wish I could figure out how to stay in Memphis. The programs here are awesome and so are the hospitals.

Oh, and do you know Vanderbilt's new grad pay is only 17.50!
That is ridiculous! The lowest in Memphis is 20.25.
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No. 3
from prinzessdy
Old Apr 24, 2007, 04:56 PM

Default Re: Loan Repayment?
MommyNurse2b Is it still 250 that they will pay a month on your student loans? And do you have any good news on st. Francis? I spoke with the nurse recruiter their and she was really nice. It was almost like they are recruiting you over the phone. I havent spoken with Methodist yet, but Baptist HR was a little short with me after I told her that I did not want to work in OR (or as she said "surgery") or M/S, maybe she just had a long day.
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No. 4
Old Apr 24, 2007, 05:41 PM

Default Re: Loan Repayment?
Yes, it's still $250.
I'm not surprised about what you said about Baptist HR, LOL.
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No. 5
from prinzessdy
Old Apr 24, 2007, 08:04 PM

Default Re: Loan Repayment?
Thank CRNa. I am glad that it was not just me.
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No. 6
Old Apr 24, 2007, 08:14 PM

Default Re: Loan Repayment?
St Francis has not yet raised their pay. They are offering full time without benefits at a rate very competitive with Baptist. The MED does not offer that option. The MED sells you on the opportunities there for neat experiences I guess. So far Methodist is the only one that offers lodging due to the dorms .. if you are traveling from surrounding counties.
Lots of competition in Memphis..which I guess is good for us! I do know also that St. Francis does not have a cap on loan repayment and it's 250 a month.
Now Methodist told me they will pay your PAYMENT Up to 250/month. Unless the recruiter was misinformed. My loans will be eligible for deferment so I don't know how that will work. I don't owe all that much so I'd like to have the full 250 to pay them off soon. Or I think they pay you directly...so maybe theoretically say your loan is 5k they pay you 5k over what 20 months... and you can choose whether to go ahead and pay or keep in deferment? I don't know all the details of how exactly those programs work.
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No. 7
from prinzessdy
Old Apr 24, 2007, 08:38 PM

Default Re: Loan Repayment?
Thanks mommynurse2b! I put in an application at the Med but I havent checked with them. I only did these applications last friday so hopefully I will be hearing from them soon. I am a little afraid that I waited to long to apply for these positions. I have never been to Memphis or any of these facilities but will be traveling there real soon. I hope that I pick the right facility.
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No. 8
Old Apr 24, 2007, 08:46 PM

Default Re: Loan Repayment?
Well, I tell you, they certainly don't have this kind of competition going on in Middle Tennesee area.
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No. 9
from prinzessdy
Old Apr 24, 2007, 08:59 PM

Default Re: Loan Repayment?
I agree, Not in east tennessee either. Thats why I am leaving
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