Mount Teams With Northridge Hospital to Combat Nursing Shortage
Aug. 22, 2007 -- Northridge Hospital Medical Center has awarded nearly $100,000 in forgivable loans to nursing students at Mount Saint Mary’s University in an effort to attract quality nurse candidates and ease a staffing shortage. It is estimated than within the next two decades, more than half of California's nurses will retire, and there are not enough nurses in school today to fill their positions.
Four Mount St. Mary's students will each be granted loans of $24,000. After they graduate, the Mount nurses will work for the medical center for two years. In exchange for this commitment, their loans will be forgiven. One student will be selected from the College's traditional Bachelor of Science in Nursing program and three others from the Accelerated Bachelor of Science in Nursing program.
"We are proud to be partners with Northridge Hospital Medical Center," said Mount St. Mary's President Jacqueline Powers Doud. "Their generous financial assistance to our students will enable Mount Saint Mary’s University to prepare more nurses in a time of great need in our community."
Said Ann Dechairo-Marino, senior vice president, Patient Care Services at Northridge Hospital: "Mount Saint Mary’s University, which is known for its excellent nursing programs, shares our mutual goals to increase the number of nurses in our community. We are combating a severe nursing shortage locally and throughout the state, and this is one progressive step to help solve the problem."
The College has similar agreements with Torrance Memorial Medical Center and Kaiser Permanente, which pioneered a program in 2005 to help nursing students pay off student loans in exchange for a guaranteed pool of qualified nurses for its hospitals. Since 2005, Kaiser has granted $2,290,000 in forgivable loans to Mount St. Mary's students.