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Amid a massive shortage of nurses, hospitals and other medical facilities are offering big hiring bonuses and other incentives to attract and retain talent.

Five-figure signing bonuses, free housing, college tuition for employees and their children.

Hospitals and other medical facilities are getting so desperate to recruit and retain nurses they're offering all sorts of pricey perks and incentives.

"These are some of the grandiose examples we've heard from our members," said Seun Ross, director of nursing practice and work environment at the American Nurses Association."Who knows what employers will come up with next?"

America is undergoing a massive nursing shortage. Not only are experienced nurses retiring at a rapid clip, but there aren't enough new nursing graduates to replenish the workforce, said Ross.

The nation's aging population is exacerbating the problem. The American Nurses Association estimates the U.S. will need to produce more than one million new registered nurses by 2022 to fulfill the country's health care needs.