July 09, 2025
Boston Children’s Hospital, Memorial Sloan Kettering, MyEyeDr., Northwestern Medicine, Novant Health, OhioHealth, VCA Animal Hospitals, and more offer early job commitments and a combined $101.2M+ in student loan repayment for critical healthcare roles.
BOSTON, July 9, 2025 /PRNewswire/ — Top U.S. health systems are taking bold, employer-led action to combat two converging crises: student debt and clinical staffing shortages. Together with Clasp, the first retention-driven recruitment platform, hospitals are launching a new model for financing education—one that locks in talent early, rewards retention, and makes healthcare careers more accessible.
A new generation of healthcare professionals is entering the workforce with staggering debt—often exceeding $100,000 for roles like physical therapists, occupational therapists, and physician assistants, and nearly $150,000 for newly graduated veterinarians. These burdens are only expected to grow as more roles shift to advanced degree requirements: physical therapists now need a doctorate to practice, nurse anesthetists will soon face the same, and states like New York are mandating additional credentials like the “BSN in 10” rule for nurses.
Clasp’s model flips the script on traditional student loan benefits. Clasp programs enable employers to commit early—often while students are still in school—and defer actual repayment until after retention milestones. That structure stretches every dollar further, with many employers on Clasp’s platform offering up to $75,000+ in tax-advantaged loan repayment over three years. The result: 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. Read rest here.