I'm about 60% sure I'm just being emotional about this... Because I still can't think of a better choice I could have made.
I go to a hospital affiliated nursing school and I signed a "tuition forgiveness loan", the hospital will pay for my education if I returned to work for them for two years once I graduate.
Well, I'm graduating and I feel so trapped. If I break the contract, I have to pay them back $9,000 + a 15% fee.
I didn't have to pay anything out of pocket for my nursing degree.
But I already have 19k in previous school loans.
I want to leave the state, and I don't want to wait 2 years....
Would it be stupid of me to break my contract?
I know it probably would be... And it's not like it's a bad hospital system, it's great, in the top 10 of the country... But I just can't stand this city.... I'm in my mid twenties and I already have spent my entire life here.
Will a fiscally responsible person talk some sense into me please?
while I don't have a contract, I just finished my 2nd year of being a nurse - yea that flew by as fast as nursing school did! I think its a wonderful opportunity. Are you tied to one unit or can you move about the hospital as your experience grows. 2 years is nothing in the grand scheme of things!
I work for this hospital system, I have this same contract. DO NOT break it. Not only will you owe the 9,000 dollars but you will owe them immediately. They will enforce the debt immediately so you'd have little time to come up with the cash. Also be advised... the contract does not guarantee you any kind of a job. Scads of kids that graduated under contract did not get jobs in the system.
I would jump at a deal like that! I wish they offered something like that in my area... free BSN and a guaranteed job after graduation?!?! I'll be graduating with about $20k in student loans and I'm still 9 months away from graduation, but I'm already stressing about finding a job as soon as I graduate. Sounds like an amazing opportunity, please don't throw it away.
I work for this hospital system I have this same contract. DO NOT break it. Not only will you owe the 9,000 dollars but you will owe them immediately. They will enforce the debt immediately so you'd have little time to come up with the cash. Also be advised... the contract does not guarantee you any kind of a job. Scads of kids that graduated under contract did not get jobs in the system.[/quote']
If you don't get a job in the system because they can't place you, do you still owe the money?
i understand you disliking the state but it would be very wise to stay. Maybe move to the outskirts and just commute. You cant beat a job paying for ir whole schooling plus giving you a job. You gotta also think about the previous debt you have as well. Good luck whichever u choose!
Specializes in Postpartum/Lactation/Nursing Education.
If I were you I would take the opportunity to gain valuable skills and experience. After 2 years you can leverage those experiences into job opportunities in whatever area you choose to move to. As others have already stated the current job market is tough to break into, especially for new grads. Don't give up an opportunity for a paying job that will give you valuable experience. I think you'll kick yourself later if you choose to give up this opportunity. Also think about the fact that without this opportunity you may have to figure out how to pay for that education you could have gotten for free. Especially when a job may not be easily found in another area. Good luck :)
Yes... you do still owe the money. It is detailed in the contract that there is NO GUARANTEE of employment...and that the contract does not afford the signee "placement". The signee is required to obtain full-time employment in the hospital system, not merely accept a position. They won't just start offering you jobs. You have to go through the same application and interview process as external applicants.
Yes... you do still owe the money. It is detailed in the contract that there is NO GUARANTEE of employment...and that the contract does not afford the signee "placement". The signee is required to obtain full-time employment in the hospital system not merely accept a position. They won't just start offering you jobs. You have to go through the same application and interview process as external applicants.[/quote']
I know there's no guarantee of employment. No one has seemed to have any difficulty obtaining a job though.
About 16 students from my graduating class did not find a job and defaulted on the contract. Hopefully things are better for yours. I was really directing the last comment to those who kept saying you had a guaranteed job.
About 16 students from my graduating class did not find a job and defaulted on the contract. Hopefully things are better for yours. I was really directing the last comment to those who kept saying you had a guaranteed job.
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Twinmom06, ASN, APN
1,171 Posts
while I don't have a contract, I just finished my 2nd year of being a nurse - yea that flew by as fast as nursing school did! I think its a wonderful opportunity. Are you tied to one unit or can you move about the hospital as your experience grows. 2 years is nothing in the grand scheme of things!