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Medical Center Pledges Forgivable Loans for Nursing Students

Feb. 26, 2007 -- Torrance Memorial Medical Center has awarded Mount Saint Mary’s University $480,000 to recruit the Mount's highly sought-after nursing students.

The gift, pledged in December, will provide 20 senior-year nursing students in either the Bachelor of Science Degree in Nursing or Accelerated Bachelor of Science Degree in Nursing program with $24,000 forgivable loans during the 2007-08 academic year.

After obtaining degrees, students will commit to work at Torrance Memorial for at least two years. They will begin their work in a paid, new-graduate registered nurse residency program called Versant. When they finish the program, recipients will be transferred to nursing positions at the medical center.

Similar to the forgivable loan program established by Kaiser Permanente , the Mount will forgive the graduates' entire loan once they have completed their employment commitment with Torrance Memorial.

Torrance Memorial Medical Center is nationally recognized for delivering high-quality health care and services. The medical center has been recognized as one of the Top 100 hospitals in the nation and operates nationally-recognized cardiac programs.

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