BOLD™ Career Pathways Loan Assistance Program
McLeod Health offers financial assistance for students pursuing nursing degrees through South Carolina Student Loan’s BOLD™ Career Pathways. This program helps cover the gap between scholarships, grants and tuition, with McLeod Health paying off the loan for each year of service at our health system after graduation.
Key Points:
- Eligibility: Students must apply and be screened for eligibility.
- Loan application: Eligible students complete a loan application and contract agreement.
- Employment: Upon graduation, students apply for full-time employment with McLeod Health. If hired, McLeod Health forgives the loan at a pre-determined rate for each year of service.
- Commitment: All loans require a work commitment, but employment is at-will and not guaranteed.
Programs
Licensed Practical Nursing
- Job title: LPN
- Annual loan: Up to $3,750
- Cumulative limit per student (max borrowed): Up to $7,500
- Years of service required: 2 years
Associate Degree in Nursing
- Job title: ADN
- Annual loan: Up to $7,500
- Cumulative limit per student (max borrowed): Up to $15,000
- Years of service required: 2 years
Bachelor of Science in Nursing
- Job title: BSN
- Annual loan: Up to $12,500
- Cumulative limit per student (max borrowed): Up to $25,000
- Years of service required: 3 years
- Awarded: individuals seeking first time RN Degree & Licensure
How It Works
- Initial contact form submission: Visit the SC Student Loan website to apply.
- Eligibility screening: Conducted after form submission.
- Loan application: Provided to eligible students.
- Contract agreement: Outlines payment terms and employment requirements.
- Final approval and loan disbursement: Completed with SCSLC and the student’s college.
Get started on SCStudentLoan.com
Questions?
Please email: [email protected]
