I recently passed my NCLEX and was given information about a new grad RN program that my hospital system has. It starts you out paying $15/hr (only $0.25 more an hour than I was making as a CNA at the same hospital system) and requires travel to a large metropolitan area to take these classes and do sim lab just like I did during nursing school. They won't cover the costs of mileage to and from the metropolitan hospital (it's 2 hours away from me). After completing the couple weeks of travel 2 hours one way I get placed in Med-surg, PCU, or Tele, or IMCU and have to sign a 2 year contract. If I leave before 2 years I owe them $10,000.00.
Right now this is the only job I'm being offered by this hospital system. Is this standard as to what is being offered new grads? I might have a position offered at another hospital, I need to contact them first though. I just don't see how this new grad RN program is at all beneficial to me or frankly anybody else! Has anybody done a program like this before? What were your experiences?