Registered Nurse Loan Forgiveness - South Rural Network Hospitals

Sanford Health 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 one of our Rural Network hospitals for a period of time as defined in this description.

ELIGIBILITY

Must be enrolled full-time in an accredited College of Nursing
Student must be at least in their 1st semester of the Nursing Program
3.0 cumulative grade point average or above is required

PROGRAM DESCRIPTION

• Award of either $15,000 for a 2 year commitment or $25,000 for a 3 year commitment. CHAMBERLAIN ONLY: Either $22,500 for a 2 year commitment or $30,000 for a 3 year commitment.

• Recipients agree to work at one of our Rural Network hospitals as a Registered Nurse in the inpatient setting, for a period of 2 or 3 years in a full-time status, in an approved facility (listed below) after successful graduation.

• Must successfully graduate from a College of Nursing and pass the Nursing Certification Licensing Exam (NCLEX)

• Recipients are not eligible for any other Sanford Health Hiring Bonus being offered at the time of employment.

• Forgiveness will begin upon starting in a full-time RN Inpatient position in one of the eligible facilities.

• Failure to comply with any of the requirements of this program will result in repayment of the loan with interest.

ELIGIBLE NETWORK HOSPITALS

Aberdeen, SD

Canby, MN

Canton, SD

Chamberlain, SD

Clear Lake, SD

Jackson, MN

Luverne, MN

Sheldon, IA

Tracy, MN

Vermillion, SD

Webster, SD

Westbrook, MN

FUNDING

Sanford Health provides this financial resource directly to the students selected through the application process. Interest will start accruing and any and all taxes associated with this financial resource become due when student begins employment as a full-time RN. This is in accordance with the Internal Revenue Services’ guidelines.

QUESTIONS

Any questions should be directed to the Nurse Recruitment Team at (877) 243-1372 or hrhelp@SanfordHealth.org (subject line: South Rural Network Loan Forgiveness)

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Funds will not be distributed until proof of enrollment has been shared with Sanford.

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By completing this form, I understand that by accepting a sponsorship, I agree to work for Sanford Health for the set number of years indicated in the contract in one of the approved facilities.*

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