To combat the financial hardships of attending nursing school, the Bolivar Medical Center Foundation aids students by offering interest free loans.
The foundation usually awards its loan recipients $2,000 per semester.
"I don’t know why more students won’t take advantage of that," said Mark Hargett, member of the Bolivar Medical Center Foundation.
In order for a student to receive a loan from the Bolivar Medical Center Foundation, the candidate must express financial hardship by completing an application from Bolivar Medical Center.
After the candidate completes the application, Bolivar Medical Center submits it to the foundation for further review.
If the candidate is approved for the loan, then the foundation makes out the check to the recipient’s attending institution and it can be used for any expense.
Within the application, there is a clause that holds the candidate responsible for paying back the loan, if they decide not to work at Bolivar Medical Center upon completion of their nursing degree.
"They are given a workable arrangement to pay back the loans but the majority of the students come back to work," said Hargett.
The loan recipients are guaranteed a position with Bolivar Medical Center.
If the candidate is chosen to receive the award and works for the hospital, then the recipient is not held liable for paying back the loan.
For more information, contact Hargett at 662-843-3300.