Old National Bank Joins Silver Cross Hospital and Lewis University By Offering Nursing Student Loan Repayment Support
Old National Bank has joined Silver Cross Hospital and the Lewis University College of Nursing and Health Sciences to provide student loan repayment support of up to $27,000 for Lewis nursing graduates who pursue a nursing career at Silver Cross after graduation.
The original partnership began in November 2021 between Silver Cross and Lewis University; in October of this year, Old National Bank joined the partnership by offering additional financial support to Lewis University nursing graduates hired at Silver Cross.
The program helps alleviate some of the concern over student debt for nursing graduates while promoting Silver Cross Hospital’s, Lewis University’s and Old National’s commitment to the future of the nursing profession.
Equal payments will be made over a four-year period which they can use to assist in repaying their student loans. In order for Lewis University graduates to qualify, they must
- Complete their BSN degree at Lewis University
- Pass the NCLEX licensure exam
- Commit to a nursing career at Silver Cross for a minimum of four years
- Participate in Silver Cross’ Student Nurse Assistant Program, complete a clinical rotation at the hospital, or work in a paid summer employment opportunity at Silver Cross.
To date, several Lewis University nursing graduates have been hired at Silver Cross Hospital as part of the loan forgiveness program.
“We have an exceptional nursing team at Silver Cross,” said Ruth Colby, President and Chief Executive Officer of Silver Cross Hospital. “I’m delighted to partner with Lewis University and invite their well-trained graduates to our family. And I’m grateful to our friends at Old National for joining us in this very important endeavor that will help provide exceptional nursing care in our community for many years to come.”
About Silver Cross Hospital
Silver Cross Hospital is an independent, not-for-profit healthcare provider serving Will County and southwest suburban communities since 1895. Silver Cross has been recognized as a Fortune/Merative 100 Top Hospitals® National Award winner 10 times and honored with an “A” Hospital Safety Grade by The Leapfrog Group. With over 4,500 employees, physicians and volunteers, Silver Cross operates a 348-bed acute care hospital – including Will County’s first and only Level 3 Neonatal Intensive Care Unit – and 12 satellite facilities providing outpatient services and physician offices. In 2021, Silver Cross provided over $42 million in charity care and other community benefits. To learn more about Silver Cross Hospital, visit https://www.silvercross.org.
About Lewis University College of Nursing
Lewis University’s College of Nursing and Health Professions has been developing nurses at all levels for more than 40 years. The faculty work with students to develop a compassionate, holistic approach to patient care, addressing physical symptoms while caring for the heart, mind and soul. Lewis University nurses become expert practitioners and innovative leaders who will transform practice in an increasingly complex healthcare system.
About Old National
Old National Bancorp (Nasdaq: ONB), the holding company of Old National Bank, is the sixth largest commercial bank headquartered in the Midwest. With approximately $46 billion of assets and $27 billion of assets under management, Old National ranks among the top 35 banking companies based in the U.S. and has been recognized as a World’s Most Ethical Company by the Ethisphere Institute for eleven consecutive years. Since its founding in 1834, Old National Bank has focused on community banking by building long-term, highly valued partnerships with clients and in the communities it serves. In addition to providing extensive services in retail and commercial banking, Old National offers comprehensive wealth management, investment, and capital market services. For more information and financial data, please visit Investor Relations at oldnational.com.
