<p>I know several women who used a scholarship program like this to pay for their last 2 years of college - where the nursing classes are usually taught. They all had prior arrangements with specific hospitals before beginning the last 2 years, so they knew where they would be working for 2 years post graduation. The hospital did not have enough placements for everyone (most likely will not happen today) and the students were free and clear of all their obligations to the hospital.</p>