Several health systems and hospitals are collaborating with Clasp, a talent recruiting company, to sponsor more than $100 million in loan repayments and early job commitments.
Clasp programs allow employers to offer job commitments, often before students graduate, and defer loan repayment until after retention milestones, according to a June 9 news release. Many employers involved with the program provide up to $75,000 in loan repayments over three years.
This model results in “deeper loyalty, lower turnover, and more sustainable pipelines for in-demand roles like nurse anesthesia, radiologic and surgical technology, respiratory therapy, physical therapy and veterinary medicine,” according to Clasp.
The participating organizations are Boston Children’s Hospital, Memorial Sloan Kettering in New York City, Northwestern Medicine in Chicago, Novant Health in Winston-Salem, N.C., and OhioHealth in Columbus. Eye health provider MyEyeDr. and VCA Animal Hospitals are also participating in the $101.2 million initiative.
