One field, your number
Your preferences page carries a single dollar field. Any figure from $12 to $20 per student hour goes into it, and that number travels with every card you are shown afterwards. Programs see the total cost of a rotation rather than a price-ranked list of nurses, so naming a higher figure does not push students away from you.
Change the number whenever you like. A new figure applies to cards you accept after the change; a card already accepted keeps whatever it carried on the day you said yes.
A first block in dollars
A block is 120 student hours, which across a 14 to 16 week term works out at eight or nine hours a week. Multiply 120 by your rate for the block total. A half-block is 60 hours and pays half. Three blocks in a calendar year is 360 hours.
| Your rate | Half-block, 60 h | Block, 120 h | Three blocks a year |
|---|---|---|---|
| $12 an hour | $720 | $1,440 | $4,320 |
| $15 an hour | $900 | $1,800 | $5,400 |
| $18 an hour | $1,080 | $2,160 | $6,480 |
| $20 an hour | $1,200 | $2,400 | $7,200 |
Two deposits, two signatures
The first deposit follows your signature on the midpoint evaluation and the second follows the final, both by direct deposit to the account on your record. Pay tracks the hours the program's log shows, so a rotation that ends early is paid for the hours actually completed.
What January looks like
Precepting fees are independent contractor income. A 1099-NEC is issued once your total for the year reaches $600. Nothing is withheld along the way, so many nurses put aside roughly a third and ask a preparer whether a quarterly estimate is due. A handful of states offer preceptors a tax credit, and several of those are written for uncompensated precepting only, which a paid block would not satisfy. Ask your preparer instead of assuming either way.
What it never costs you
Nothing is charged to the nurse: not to apply, to be verified, to sit the orientation, to be listed, to be matched, or to be paid. The cost of placement sits with programs and their students.