Hospital programs

  1. Does anyone know anything about these programs hospitals have where the give you money for school and in turn you have to work for them once you graduate? I just seen on the news here that one of the hospitals here are doing it. I'm seriously considering it since I will not be working while in school and I'm afraid of us getting behind with the bills. I just want to know the pros and cons.
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    About Cynthiann

    Joined: Aug '02; Posts: 404; Likes: 1


  3. by   GPatty
    Just be sure before you do something like that, that you will want to be there for a year or two after gaduation. The place will "have you by the balls" in a sense and you can be treated badly, cause they know you can't do anything about it.....

    Then again....maybe it is a good thing. I really can't say. Just think it out before you jump into anything.
  4. by   RNIAM
    DITTO what you said. Make sure you get everything in writing. I took out loans.I never want to be tied down to any facility.
  5. by   TCW
    When I started looking for nursing programs I received information from a hospital in my area that offers this sort of tuition assistance. I decided against it because I didn't want to be tied down to one place just in case the hospital was not a good fit for me.

    I just started working for a subsidiary of the hospital that offers the tuition assistance and since I now work for the company I get to see internal job postings with job descriptions, hours, and pay. I was totally surprised to see that this hospital is paying about $4 less an hour then many of the other hospitals in my area. I suppose this is how they can afford tuition assistance?
  6. by   Love-A-Nurse
    rhona wrote: "i never want to be tied down to any facility." i feel the same way.
  7. by   Cynthiann
    I am currently applying for a student loan right now but it's not enough to get by on. Only around $1200 for the semester. Would get more if I was able to. As you all said, that is my main concern that I don't want to tied down to one place. If I am to consider it, I will think about it long and hard.
  8. by   Rena RN 2003
    i didn't want to be tied down in the beginning either. hospitals here will also do a tuition reimbursement for a percentage of your student loans if you agree to sign on. it could be another option for you since it will give you longer to decide and feel out the facility before you "sign your life away" for a few years.
  9. by   Cynthiann
    If they required me to sign up for a few years then it will definitely be out of the question. I can accept 6 months to a year but not much more. I plan on being a CRNA so I have to move out of the state to go to school and will need to get ICU experience. My becoming an RN is my ticket to moving out of Oklahoma, I hate living here.
  10. by   meownsmile
    I agree, i opted out of the tuition reimbursment because i didnt have a clue where i wanted to work after i was finished. That included my own hospital where i worked as a LPN.
    I did end up going back there but i owed them nothing, including a committment after graduation to return if i didnt want to. I didnt even tell them i was coming back for sure until after i graduated.
    Some programs will let you out of contracts if you pay back the amount given toward your tuition, but they usually want it up front in a lump sum.
    Good luck.
  11. by   dianthe1013
    Originally posted by Cynthiann
    If they required me to sign up for a few years then it will definitely be out of the question. I can accept 6 months to a year but not much more...
    Most hospital systems around here have a commitment of between one and three years. It basically depends, I think, on how much money they shell out for your education. However, I haven't run across ANY programs with a minimum work requirement of less than one year.

    You may want to check out some things, like how many satellite and secondary facilities the hospital has; they can usually require you to work out your "indentured servitude" at any facility of their choosing.

    If you are depending on being able to leave your state for further schooling, I'd think more than twice about this option. After all, once you move to another state, you'd have to wait a year to establish residency for in-state tuition for graduate school... Otherwise, it's usually twice as expensive. Taking this hospital-sponsored route could feasibly set you back in your long-term goals by as much as four years.

  12. by   kellye
    our school calls it "loan forgiveness" program, for every month that you work for them $250 is deducted from your loan balance. this $$ is not deducted from your paycheck, simply from your balance. for me it is guaranteed employment upon graduation (NCLEX pending, of course) and time for experience. i am not "tied down" to the hospital. if i change my mind about working for the hospital, the balance is converted into a low interest loan starting 9 months after graduation at about $40 dollars a month. i would definitely check with your financial aid office and speak with a representative directly before i made any decisions. it is working out well for me, so far
  13. by   Cynthiann
    How exactly did you go about this? The hospital gave you a monthly stipend of $250 while you were in school? Or do you mean that you just agreed to work for them and they would then help pay you loan balance once you started working? I seen one hospital where they will give you $500/month while you were attending school and in exchange you were obligated to work for them for 2 months for every month they paid you upon graduation.
  14. by   Sarahstudent
    True enough, but if you decide to move or leave the hospital all you have to do is pay back what they gave you! You'd have to pay it now anyway with a student loan or whatever you choose so really whats the difference. They can't force you to work if they have bad labour conditions. Just say here's your money I'm outta here!