Bonding scheme oversubscribed.
Article Type: Brief article
Subject: Student loans (Management)
Medical students (Finance)
Pub Date: 07/01/2010
Publication: Name: Kai Tiaki: Nursing New Zealand Publisher: New Zealand Nurses' Organisation Audience: Trade Format: Magazine/Journal Subject: Health; Health care industry Copyright: COPYRIGHT 2010 New Zealand Nurses' Organisation ISSN: 1173-2032
Issue: Date: July, 2010 Source Volume: 16 Source Issue: 6
Topic: Event Code: 200 Management dynamics; 250 Financial management Computer Subject: Company business management; Company financing
Product: Product Code: 8220010 Student Loans & Scholarships; 9105112 Student Loans & Grants NAICS Code: 61131 Colleges, Universities, and Professional Schools; 92311 Administration of Education Programs
Geographic: Geographic Scope: New Zealand Geographic Code: 8NEWZ New Zealand
Accession Number: 233291241
Full Text: Nearly 400 nursing graduates have signed up to the government's bonding scheme, which is in its second year.

The voluntary bonding scheme, introduced last year, is for graduate nurses, midwives and doctors and offers student loan write-offs or cash incentives for those without student loans, if they commit to working in hard-to-staff specialties and regions for three to five years. This year South Canterbury and Taranaki District Health Boards were added to the hard-to-staff regions and surgical nursing was added to the list of hard-to-staff specialties.

This year, 392 nurses, 45 midwives and 64 doctors signed up to the scheme, boosting the total number to 1400 graduates. Announcing this year's numbers, Health Minister Tony Ryall said the scheme was again oversubscribed.

"We budgeted for 350 graduates but got 501 applications and have accepted them all. The scheme aims to keep our home-grown health graduates living and working here."

The full List of hard-to-staff specialties and regions and the scheme's terms and conditions are available at www.moh.govt.nz/bonding.
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