Empowered Patient Podcast ReNEW Fund Creating Innovative Approach to Nursing Education with Anmy Mayfield Western Governors University
Anmy Mayfield, Vice President and Dean for the Western Governors University College of Nursing in the Michael O. Leavitt School of Health, discusses the university's mission to provide accessible, online nursing education to address the nursing workforce shortage and encourage a more diverse population of nurses. The ReNEW Fund, a collaborative initiative with Social Finance, provides zero-interest, forgivable loans to nursing students. This model appeals to a diverse student population, including working adults and career-changers, by offering flexibility and employment opportunities for graduates.
Anmy explains, "The ReNEW Fund is a collaboration with Social Finance, another nonprofit organization. And we have a shared goal of tackling the nursing shortage that is estimated to be about 30,000 to 40,000 fewer RNs entering the field compared to what's open to RNs. And there are a lot of barriers that can keep someone from becoming a nurse. And one of those is the cost of nursing school."
"We want to make sure that we can help in one way to help mitigate that barrier to becoming a nurse. And so it's trying to fill these gaps by placing an equal investment in return on employers. Also students get zero-interest loans that are forgivable if a graduate completes their program and then works at one of these ReNEW employer partners for at least three years. So it's a pay-it-forward model."
"One of the things that our program is focused on is ensuring that we're training a nurse workforce that is related or reflective of what the community looks like, because we've seen from research that patient outcomes are often improved when that happens. And so this means more men in nursing, different minority groups, etc., in nursing. We at WGU have seen a higher number of students who are first-generation, who are coming from the military, who are coming from underserved or underrepresented groups, and we're excited about that. And I think a lot of it has to do with our model. We offer our coursework online, and so a lot of times it's easier for our students to balance work and life."
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