I will be starting nursing school in January for an 18 month BSN program. I received a scholarship where a hospital pays for all of my tuition in return for a 3 year contract :). I am very excited to start in the nursing field!
I am starting to try and plan out the financial aspects of schooling and beyond. In the area that I am in, new nurses start at about $29-30/hr, not taking into account any differentials. The scholarship that I received is set up as a loan forgiveness plan, which means it is taxed every pay check for three years.
According to the "scholarship liason", this translates into about $200 less per paycheck for a nurse "scholar" who is working the exact same floor/shift as a non "scholar". In addition, I will likely have about $35,000 in student loans to pay for living expenses, books, supplies, and all the school "fees". When I calculate this all out, I would basically make the same net check as I do right now if I am only working 72 hours per pay period as an RN vs. 80 hours per pay period right now as an office manager. Also, the company I currently work for considers only 40 hours a week for a "full time" status, anything from 30-39 hours a week is considered "benefitted part time" status.
So, for my question: for those of you who do 12 hour shifts...does your hospital operate in such a way that you actually end up working 80 hours per pay period or is a 1.0FTE as an RN considered 72 hours per pay period? Are there additional expectations that make your work week longer? (charting, staying longer on a shift, working an 8 hour shift every two weeks, etc)? I know that not all hospitals are the same but figured I would get a general idea.
Thanks!
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Hello everyone,
I will be starting nursing school in January for an 18 month BSN program. I received a scholarship where a hospital pays for all of my tuition in return for a 3 year contract :). I am very excited to start in the nursing field!
I am starting to try and plan out the financial aspects of schooling and beyond. In the area that I am in, new nurses start at about $29-30/hr, not taking into account any differentials. The scholarship that I received is set up as a loan forgiveness plan, which means it is taxed every pay check for three years.
According to the "scholarship liason", this translates into about $200 less per paycheck for a nurse "scholar" who is working the exact same floor/shift as a non "scholar". In addition, I will likely have about $35,000 in student loans to pay for living expenses, books, supplies, and all the school "fees". When I calculate this all out, I would basically make the same net check as I do right now if I am only working 72 hours per pay period as an RN vs. 80 hours per pay period right now as an office manager. Also, the company I currently work for considers only 40 hours a week for a "full time" status, anything from 30-39 hours a week is considered "benefitted part time" status.
So, for my question: for those of you who do 12 hour shifts...does your hospital operate in such a way that you actually end up working 80 hours per pay period or is a 1.0FTE as an RN considered 72 hours per pay period? Are there additional expectations that make your work week longer? (charting, staying longer on a shift, working an 8 hour shift every two weeks, etc)? I know that not all hospitals are the same but figured I would get a general idea.
Thanks!