Category

Details

Cost in First year

Training

Train the current nursing teachers, through workshops and seminars, on how to incorporate self-care and mindfulness training in their lesson plans.

$2,000

Hire two counselors; four student enablers and three physical exercise trainers

Recruitment and onboarding costs

Salaries and benefits

$900

$120,000

Guest speakers

Invite motivational speakers to talk to students at least twice every semester

$3,000

Introduce staff and peer mentorship program

Provide mentors with airtime and other resources required to support the mentorship program

$1,000

Stipend to students with financial challenges

Stipend to students from economically disadvantaged families to enable them buy healthy food

$150,000

Educational brochures

Print educational brochures on stress management, healthy sleeping and eating habits and important topics to be issued to each student at the beginning of every semester

$600

Total

$278,400

Benefit

Benefit within 12 months

15% increase in pass rate, minimizing the need for re-sits/ retakes and at-risk assessment panels

$2,500

60% increase in revenue due to increased student population

$150,000

20% increase in cost savings due to reduced rate of withdrawal/ dismissal from the course

$6,000

Increased recognition and recommendation by accrediting agencies and hospitals within the state.

–

20% increase in funding from the Texas Board of nursing

$100,000

50% increase in philanthropic contributions and support from alumni students who succeeded in their nursing career.  

$80,000

Total

$338,500

Total Cost

Potential Benefits and Savings

$278,400

$338,500