Clinical Laboratory Scientist Sponsorship Program - University of Minnesota
Fairview’s sponsorship programs are intended to fill critical vacancies within Fairview. If we don't anticipate vacancies to occur at the completion of the program, we can't offer the sponsorships. Any Fairview hospital that has open positions at the time the program is completed will hire program graduates.
Eligible candidates must:
- Be students in good standing in their final year of the Clinical Laboratory Science (CLS) program at the University of Minnesota.
- Be willing to accept a full-time clinical laboratory scientist position at Fairview within one month of graduation and commit to that position for two years.
Students are selected for the sponsorship based on an application and interview process.
When this sponsorship is being offered, an application packet is available here for download.
A Fairview sponsorship provides financial assistance to help offset the costs of education. In exchange, graduates of sponsored programs agree to work for Fairview for a pre-determined period of time following their graduation. The Clinical Laboratory Scientist sponsorship is valued at $7,500 and graduates commit to two years of full-time employment upon completion of the program. The $7,500 sponsorship is a stipend paid directly to the student.
Note: The sponsorship is considered a “loan” by the IRS and accrues simple interest at 6 percent. The loan and interest are considered “forgiven” after the work commitment is completed, and do not need to be paid back. However, at that point, according to IRS guidelines, both the loan and interest become taxable income and are taxed at the supplemental rate of 38.9 percent.
For more information, contact Bill Johnson, RN, workforce nursing consultant, 612-672-7188, email@example.com.