New Grad Internship Bond

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I will be graduating from Nursing school this December. A hospital has offered me an internship position with a reasonable starting salary. The Internship has 8 weeks of structured classroom instruction and also a mentorship program.

However they want me to sign a bond that I will work with them for 18 months or else have to pay back a $ 10k fine (prorated based on if and when I leave in 2 yrs). Is this ting common practice ? I just wanted to make sure im not signing something outside the norm.

Thanks

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Specializes in Critical Care, Education.

It's common practice in our part of the country. These programs are very expensive to maintain. The hospital has be try to recoup their investment.

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