Registered Nurse Loan Forgiveness - Aberdeen In-Patient

Aberdeen Medical Center makes available a financial resource to assist students with the expenses associated with completion of their nursing degree. In return for the financial resource, the student has the opportunity to become employed as a Registered Nurse in a full time status at Aberdeen Medical Center for a period of time as defined in this description.


ELIGIBILITY

  • Must be enrolled full time in an accredited College of Nursing (BSN / BAN)
  • 3.0 cumulative grade point average or above is required
  • Full-time enrollment must be continuous until graduation
  • Must successfully graduate from a College of Nursing and pass the Nursing Certification Licensing Exam (NCLEX)


PROGRAM DESCRIPTION

  • Award of $12,000: $3,000 paid to the student at the beginning of each semester with the remaining dollars paid out at the time of employment.
  • Recipients are not eligible for any Sanford Health Hiring Bonus being offered at the time of employment.
  • Recipients agree to work for Aberdeen Medical Center as a Registered Nurse, for a period of 3 years in a full-time status, after successful graduation.
  • Forgiveness will begin upon receipt of permanent Registered Nurse license.
  • Failure to comply with any of the requirements of this program will result in repayment of the loan with interest.


FUNDING

Sanford Health provides this financial resource directly to the students selected through the application process. Any and all taxes associated with this financial resource become due at the time of forgiveness. You will see the taxes deducted in the tax year of your employment as an RN. This is in accordance with the Internal Revenue Services’ guidelines.

 
 
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1. Your current resume 2. Two letters of recommendation. One from an employer or healthcare leader and one more an academic advisor stating current status in nursing program. 3. Current Transcript – official or unofficial transcripts are acceptable

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