39.393 Nursing student loan program.
(1) The board shall establish a loan program to defray the cost of tuition, fees, and expenses for persons enrolled in any of the following:
(a) A program in this state that confers an associate degree in nursing.
(b) A program in this state that confers a bachelor's degree in nursing.
(c) A program in this state that confers a 2nd degree that will make the person eligible for licensure under s. 441.06 or 441.10.
(d) A program in this state that confers a diploma in nursing.
(e) A program in this state that confers a master's degree in nursing.
(f) A program in this state that confers a doctoral degree in nursing.
(2) Beginning in the 2002-03 fiscal year, the board shall make loans under this section from the appropriation under s. 20.235 (1) (cm). The maximum amount of loan for a person during any fiscal year is $3,000. The maximum that a person may receive under this section is $15,000. The board shall ensure that the terms of the loan do not require a loan recipient to repay the loan while the recipient is enrolled in a program under sub. (1).
(3) After the recipient of a loan under sub. (1) has completed the program described in sub. (1), the board shall forgive 25 percent of the loan's principal and interest after the first full year and 25 percent of the loan's principal and interest after the 2nd full year that the recipient has been employed full time in this state as a nurse or nurse educator. The board may forgive loans on a prorated basis for persons who are employed less than full time.
(4) The board shall promulgate rules to implement and administer this section.
History: 2001 a. 16; 2005 a. 368; 2013 a. 114.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 39 - Higher educational agencies and education compacts.
39.11 - Educational communications board; duties.
39.115 - Educational communications board; powers.
39.14 - Affiliation agreement.
39.15 - Aid for medical education.
39.155 - Medical College of Wisconsin; state aid policies.
39.16 - Medical education review committee.
39.285 - Board review of proposed formulae.
39.30 - Wisconsin grants; private, nonprofit college students.
39.31 - Determination of student costs.
39.325 - Wisconsin health education loan program.
39.33 - Guaranteed student loan program.
39.34 - Medical student loan program.
39.35 - Repayment of scholarships for teachers in educationally disadvantaged areas.
39.36 - Repayment of stipends for teachers of the impaired.
39.374 - Wisconsin health education loan program funding.
39.38 - Indian student assistance.
39.382 - Tribal college payments.
39.385 - Primary care and psychiatry shortage grant program.
39.39 - Nursing student stipend loans.
39.393 - Nursing student loan program.
39.397 - School leadership loan program.
39.398 - Teachers and orientation and mobility instructors of visually impaired pupils loan program.
39.399 - Teacher loan program.
39.40 - Minority teacher loan program.
39.41 - Academic excellence higher education scholarships.
39.415 - Technical excellence higher education scholarships.
39.42 - Interstate agreements.
39.435 - Wisconsin grants and talent incentive grants.
39.437 - Wisconsin covenant scholars grants.
39.44 - Minority undergraduate grants.
39.45 - Independent student grants.
39.46 - Contract for dental education.
39.47 - Minnesota-Wisconsin student reciprocity agreement.
39.49 - Private institution grants for veterans and dependents.
39.50 - Remission of fees for veterans and dependents.
39.51 - Dual enrollment credential grants.
39.53 - Information for students relating to higher education costs.
39.54 - Information on student identification cards.
39.75 - Compact for education.
39.76 - Compact commission delegation.
39.80 - Midwestern higher education compact.