Questions for Providence Scholars at Uof P

[tofutti]

Hi,

I have a question for anyone who might be going to U of P as a Providence Scholar. Will they give you much say about when and where you work, after graduation comes and you have to put in your 3-year commitment?

I was concerned about being stuck on nights in some department I don't like, for that three year time period.

Also, I was wondering what the tax outcome will be for you, since you have to pay taxes on the value of the tuition?

I do think Providence is an excellent employer, having worked there in admitting for several years. I was just nervous to apply for the Providence Scholar program for the reasons above and wondered how it's turned out for those of you that went that route. I do believe it's a good deal.

Thanks-

Tofutti

Just curious!

[edcampbe]

Hi Tofutti,

I am almost done with my second semester in the nursing program at U of P, and I am also a Prov. scholar. The scholarship is 75% paid by Providence and 25% paid (grant money) by U of P. In the two years you will spend at U of P, Providence will invest approximately $36,000 in your education. When you finish school, providence will add $500 to each pay check and then instantly deduct $500 from the same paycheck. Although the additional money will effect your taxes, it is still worth the $50,000 total spent on your education by Providence and U of P. I think I figured out the money paid in taxes over all 3 years would not exceed $8000.

You defiinitely have a say in where you would like to be place after school is over. Providence attempts to place students in the specialty they would like to be in; however, they can't grant every students wish. For example, probably 50% of my class wants to be a labor and deliverly nurse. Obviously, Providence doesn't have room for 50 new L & D nurses every year, so many of the students will be placed in their second choice of specialty. After 6 months in one position, Providence scholars are eligible to transfer or cross-train into a new specialty. So if you were put in a specialty you did not like, you'd just have to stick it out for 6 months.

I hope this answers your questions. I'm very glad I accepted the Providence scholarship and have no regrets.

Good luck!

- Evan

[tofutti]

Wow, thank you Evan for that great explanation. What a fantastic deal. You're so fortunate to be in this program! Best Wishes.

Tofutti