Registered Nurse Loan Forgiveness - Sioux Falls
Sanford Medical Center located in Sioux Falls, SD, 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 the Sioux Falls Sanford 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)
- Must be a junior in their 1st semester of the Nursing Program
- Accelerated BSN students must be in their 1st semester of the Nursing Program
- 3.0 cumulative grade point average or above is required
- Full-time enrollment must be continuous until graduation
PROGRAM DESCRIPTION
- Award of $25,000 – $5,000 paid to the student at the beginning of each semester for the first three semesters and remaining $10,000 paid to the student at the beginning of their fourth and final semester.
- 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.
- Recipients agree to work for Sanford Medical Center as a Registered Nurse, for a period of 3 years in a full-time status, in an approved nursing department (departments listed below) after successful graduation.
- Forgiveness will begin upon starting in a full-time RN position in one of the eligible departments.
- Failure to comply with any of the requirements of this program will result in repayment of the loan with interest.
ELIGIBLE NURSING DEPARTMENTS
- 1000-Pulmonary
- 2000-Surgical Trauma
- 3000-Cardiology
- 4100-Surgical Renal
- 4300-Inpatient Rehab
- 5000-Ortho/Neuro
- 6000-Medical Oncology
- Ava's Hospice House
- Birthplace
- Central Resource Pool
- Critical Care
- Emergency Department
- NICU
- Pediatrics
- PICU
- Surgery / OR
- Wound Healing Center
FUNDING
Sanford Health Sioux Falls 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: Sioux Falls RN Loan Forgiveness).