39.397 School leadership loan program.
(1) The board shall establish a loan program for students selected by the board in a competitive application process who meet all of the following requirements:
(a) Are enrolled in a school leadership program at an institution of the University of Wisconsin System that permits students to earn degrees in less time than a traditional school leadership program and that includes a required mentorship or apprenticeship component.
(b) Are nominated by a superintendent of a school district.
(2)
(a) Loans under sub. (1) shall be made from the appropriation under s. 20.235 (1) (cu). Except as provided in par. (b), loans under sub. (1) shall be repaid at an annual interest rate of 5 percent.
(b) The board shall forgive 25 percent of the loan and 25 percent of the interest on the loan for each school year the recipient satisfies all of the following:
1. The recipient is employed in a school leadership position in an elementary or secondary school in this state.
2. The recipient receives a rating of proficient or distinguished on the educator effectiveness system or the equivalent in a school that does not use the educator effectiveness system.
(3) The board shall deposit in the general fund as general purpose revenue-earned all repayments of loans made under sub. (1) and the interest on the loans.
History: 2017 a. 59.
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.