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OZARKS MEDICAL CENTER SCHOLARSHIP PROGRAM

Overview:
To establish a scholarship for students pursuing careers in nursing and the allied health care professions. The purpose is to attract new recruits to health care and assist current students in registered and licensed health care programs, resulting in employment at Ozarks Medical Center.

The deadline for all applications will be July 1, 2008.

Applicants will compete for scholarships based on the priority of job-specific vacancies within the Ozarks Medical Center health care system. Applicants applying for the scholarships will receive letters of acceptance, as an alternate, or denial of scholarship by August 1, 2008. The program will be monitored by the Human Resources Recruitment Manager. The administration of the scholarship will consist of monitoring the students’ GPA and verification of good standing.

Eligibility for Scholarship:
1. Show evidence of acceptance to an academic program leading to eligibility for licensure/registration from an accredited and licensed institution for nursing or allied health care.

2. Complete all required application information, including official school transcripts and references by application deadline. Late or incomplete applications will not be reviewed by the committee.

3. Show a minimum of a 2.75 grade point average each semester, on a 4.0 scale for high school or post-secondary educational course work. This is a non-weighted grade point average, (a lower semester grade cannot be added to a higher semester grade to meet the 2.75 grade point average).

4. Provide evidence of continued enrollment in good standing in the same academic program. This must be provided before the second year of funding.

5. Pursue a curriculum that will allow graduation requirements to be fulfilled within two (2) years of the initial scholarship payment.

Eligible Professions:
1. Registered Nurse (RN)
2. Licensed Practical Nurse (LPN)
3. Certified Registered Nurse Anesthetist (CRNA)
4. Pharmacist (Pharm. D.)
5. Registered Radiologic Technology disciplines
6. Nuclear Medicine Technology disciplines
7. Respiratory Therapy
8. Speech Language Pathology
9. Occupational Therapy/Occupational Therapy Assistant
10. Physical Therapy/Physical Therapy Assistant
11. Paramedic
12. Other Profession:

Scholarship Amount:
A recipient is eligible to receive maximum funding of $5,000 per academic year with total funding not to exceed $10,000. Scholarships are automatically renewed for a maximum of two (2) years upon verification of continued enrollment, required GPA, and in good standing. The academic year will consist of fall, spring, and summer.

Obligations for Receiving OMC Scholarship:

One calendar year of OMC’s defined full-time employment is required for each academic year of scholarship awarded. We will place you in your professional area. Work repayment must take place in OMC’s system where job openings are available. If Ozarks Medical Center does not have a position open in which to place the recipient to fulfill their work repayment within six (6) months of graduation, the full scholarship amount will be forgiven.

Declining an available work position, failure to complete the academic program or failure to complete the entire work agreement will require immediate payment of the full scholarship amount awarded. If the full scholarship amount is not repaid immediately, then interest will accrue at an interest rate equal to the prime lending rate as published in the Wall Street Journal, upon date of denial, plus two percent. The interest will be compounded monthly at a rate to be adjusted quarterly. Default in repayment will result in collection efforts including garnishment of future wages.

How to Apply:
Application forms are available at Ozarks Medical Center, Human Resources Department. Call Amanda Smith at 417-257-6747 for information.

 


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