A federal cap on student loans taking effect in July is expected to hit medical, dental and other clinical students hard. At the same time, healthcare systems are spending billions of dollars each year on sign-on bonuses and contract labor to manage costly turnover.
Boston-based Clasp helps employers attract and retain critical talent via student loan-linked hiring. Under Clasp’s model, health employers offer to repay student debt for students who commit to joining; repayment is tied to employee tenure.
Nearly half of clinicians leave their first job within two years for better working hours and pay, according to a survey by the Medical Group Management Association. “If…