39.37(2)
(2) There is created a separate nonlapsible trust fund designated the student loan repayment fund consisting of all revenues received in repayment of student loans funded under this section, and any other revenues dedicated to it by the board. The board may pledge revenues received or to be received by the fund to secure revenue obligations issued under this section, and shall have all other powers necessary and convenient to distribute the proceeds of the revenue obligations and loan repayments in accordance with
subch. II of ch. 18.
39.37(3)
(3) All student loans funded with revenue obligations issued under this section shall be fully guaranteed as to repayment of principal and interest from among a nonstock corporation organized under
s. 39.33 (1), the United States, its agencies or instrumentalities. The board may enter into agreements necessary to affect this guaranty.
39.37(4)
(4) Revenue obligations issued under this section shall not exceed $295,000,000 in principal amount, excluding obligations issued to refund outstanding revenue-obligation notes.
39.37(5)
(5) Except as may otherwise be expressly provided in resolutions authorizing the issuance of revenue obligations, each issue of revenue obligations shall be on a parity with every other revenue obligation issued under this section, payable in accordance with
subch. II of ch. 18, subject only to any agreements with the holders of particular revenue obligations pledging any particular receipts or revenues.
39.374
39.374
Wisconsin health education loan program funding. 39.374(1)(1) Loans made or authorized to be made under
s. 39.325 may be funded from the proceeds of revenue obligations issued subject to and in accordance with
subch. II of ch. 18.
39.374(2)
(2) There is created a separate nonlapsible trust fund designated the Wisconsin health education loan repayment fund consisting of all revenues received in repayment of loans funded under this section or loans financed from moneys made available under
chapter 20, laws of 1981, section 2022 (1). The board may pledge revenues received or to be received by the fund to secure revenue obligations issued under this section, and shall have all other powers necessary and convenient to distribute the proceeds of the revenue obligations and loan repayments in accordance with
subch. II of ch. 18.
39.374(3)
(3) All loans funded with revenue obligations issued under this section shall be fully guaranteed as to repayment of principal and interest by the United States, its agencies or instrumentalities. The board may enter into agreements necessary to effect this guaranty.
39.374(4)
(4) Revenue obligations issued under this section shall not exceed $92,000,000 in principal amount, excluding obligations issued to refund outstanding revenue-obligation bonds and notes.
39.374(5)
(5) Except as may otherwise be expressly provided in resolutions authorizing the issuance of revenue obligations, each issue of revenue obligations shall be on a parity with every other revenue obligation issued under this section, payable in accordance with
subch. II of ch. 18, subject only to any agreements with the holders of particular revenue obligations pledging any particular receipts or revenues.
39.38
39.38
Indian student assistance. 39.38(1)
(1) There is established, to be administered by the board, a grant program to assist those Indian students who are residents of this state to receive a higher education.
39.38(2)
(2) Grants under this section shall be based on financial need, as determined by the board. The maximum grant shall not exceed $2,200 per year, of which not more than $1,100 may be from the appropriation under
s. 20.235 (1) (k). State aid from this appropriation may be matched by a contribution from a federally recognized American Indian tribe or band that is deposited in the general fund and credited to the appropriation account under
s. 20.235 (1) (gm). Grants shall be awarded to students for full-time or part-time attendance at any accredited institution of higher education in this state. The board may not make a grant under this section to a student whose name appears on the statewide support lien docket under
s. 49.854 (2) (b), unless the student provides to the board a payment agreement that has been approved by the county child support agency under
s. 59.53 (5) and that is consistent with rules promulgated under
s. 49.858 (2) (a). Grants shall be renewable for up to 5 years if a recipient remains in good academic standing at the institution that he or she is attending.
39.38 Cross-reference
Cross Reference: See also ch.
HEA 6, Wis. adm. code.
39.39
39.39
Nursing student stipend loans. 39.39(1)(a)(a) There is established, to be administered by the board, a stipend loan program for resident students, including registered nurses, who are:
39.39(1)(a)1.
1. Enrolled in the 2nd year in a program leading to an associate degree in nursing in a technical college.
39.39(1)(a)2.
2. Enrolled as juniors in a program leading to a bachelor's degree in nursing in this state.
39.39(1)(a)3.
3. Enrolled as 3rd year students in a program leading to a diploma in nursing in this state.
39.39(1)(a)4.
4. Enrolled as seniors in a program leading to a bachelor's degree in nursing in this state.
39.39(1)(a)5.
5. Enrolled in a program leading to a master's degree in nursing in this state and who intend to teach nursing at an institution of higher education located in this state.
39.39(2)(b)
(b) Promulgate rules to administer this section, including rules establishing loan amounts and the criteria and procedures for loan forgiveness and for selecting loan recipients. Loan recipients shall be selected on the basis of financial need, as determined by the board, using the needs analysis methodology used under
s. 39.435.
39.39(3)
(3) Beginning in the 1991-92 fiscal year, $15,000 annually shall be awarded under
sub. (1) (a) 5. for stipend loans.
39.39(4)
(4) The board may not make any original stipend loans under this section.
39.39 Cross-reference
Cross Reference: See also ch.
HEA 8, Wis. adm. code.
39.393
39.393
Nursing student loan program. 39.393(1)
(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:
39.393(1)(a)
(a) A program in this state that confers an associate degree in nursing.
39.393(1)(b)
(b) A program in this state that confers a bachelor's degree in nursing.
39.393(1)(c)
(c) A program in this state that confers a 2nd degree that will make the person eligible to sit for examination under
s. 441.04 or
441.10.
39.393(1)(d)
(d) A program in this state that confers a diploma in nursing.
39.393(2)
(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).
39.393(3)
(3) After the recipient of a loan under
sub. (1) has completed the program described in
sub. (1), the board shall forgive 25% of the loan's principal and interest after the first full year and 25% 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. The board may forgive loans on a prorated basis for persons who are employed less than full time.
39.393(4)
(4) The board shall promulgate rules to implement and administer this section.
39.393 History
History: 2001 a. 16.
39.395
39.395
Teacher education loan program. 39.395(1)
(1) The board shall establish a loan program to defray the cost of tuition for persons enrolled in a teacher education program offered by the Milwaukee Teacher Education Center, a nonstock, nonprofit corporation organized under
ch. 181. Loans shall be made from the appropriation under
s. 20.235 (1) (cu).
39.395(2)(a)(a) After the recipient of the loan under
sub. (1) has completed the teacher education program, the board shall forgive 50% of the loan and 50% of the interest on the loan for each school year that the recipient of the loan is employed as a full-time teacher in the school district operating under
ch. 119. The board shall deposit in the general fund as general purpose revenue-earned all repayments of the loans made under
sub. (1) and the interest on the loans.
39.395(2)(b)
(b) The board shall promulgate rules to administer this section.
39.395 History
History: 1997 a. 27.
39.395 Cross-reference
Cross Reference: See also ch.
HEA 13, Wis. adm. code.
39.398
39.398
Teachers and orientation and mobility instructors of visually impaired pupils loan program. 39.398(1)(a)(a) The board shall establish a loan program to defray the cost of tuition, fees and expenses for residents of this state enrolled in a program that prepares persons to be licensed as teachers of visually impaired pupils or as orientation and mobility instructors, as defined by the board by rule, at an accredited institution of higher education in this state or in a physically adjacent state, as defined in
s. 175.46 (1) (d). To the extent possible, the board shall give preference, to persons who are likely to return to this state to work with visually impaired persons.
39.398(1)(b)
(b) The board shall make loans under this section from the appropriation under
s. 20.235 (1) (cx). The maximum amount of a loan for a person during any fiscal year is $10,000. The maximum amount that a person may receive under this section is $40,000. The terms of the loan shall provide that a loan recipient is not required to repay the loan while the loan recipient is enrolled in the preparatory program described in
par. (a).
39.398(2)(a)(a) After the recipient of a loan under
sub. (1) has completed the preparatory program described in
sub. (1), the board shall forgive 25% of the loan's principal and interest for the first fiscal year, 25% of the loan's principal and interest for the 2nd fiscal year and 50% of the loan's principal and interest for the 3rd fiscal year that the recipient is licensed and employed full-time in this state as a teacher of visually impaired pupils or as an orientation and mobility instructor by a school district, the Wisconsin Center for the Blind and Visually Impaired or a cooperative educational service agency. The board may forgive loans on a prorated basis for persons employed less than full-time.
39.398(2)(b)
(b) The board shall promulgate rules to administer this section.
39.398 History
History: 1999 a. 144.
39.398 Cross-reference
Cross Reference: See also ch.
HEA 14, Wis. adm. code.
39.40
39.40
Minority teacher loan program. 39.40(1)
(1) In this section "minority student" means a student who is any of the following:
39.40(1)(d)
(d) A person admitted to the United States after December 31, 1975, who is either a former citizen of Laos, Vietnam or Cambodia or whose ancestor was or is a citizen of Laos, Vietnam or Cambodia.
39.40(2)
(2) The board shall establish a loan program for minority students who meet all of the following requirements:
39.40(2)(a)
(a) Are registered as juniors or seniors, or hold a bachelor's degree and are registered as special students, in the University of Wisconsin System or in an accredited, private institution of higher education located in this state.
39.40(2)(b)
(b) Are enrolled in programs of study leading to licensure as a teacher and are not currently licensed as teachers.
39.40(2)(c)
(c) Meet academic criteria specified by the board.
39.40(2)(d)
(d) Agree to teach in a school district located in this state in which minority students constitute at least 29% of the membership or in a school district participating in the interdistrict pupil transfer program under
s. 121.85. In this paragraph, "membership" has the meaning given in
s. 121.004 (5).
39.40(2m)
(2m) Loans under
sub. (2) shall be awarded to students registered at an eligible institution of higher education on the basis of the institution's participation in the loan program under this section or s.
36.25 (16), 1993 stats., and the number of its students eligible for such loans. Loans awarded to recipients shall be disbursed directly to the eligible institutions of higher education.
39.40(3)
(3) Loans under
sub. (2) shall be made from the appropriation under
s. 20.235 (1) (cr). The board shall forgive 25% of the loan and 25% of the interest on the loan for each school year the recipient teaches in a school district described under
sub. (2) (d).
39.40(4)
(4) The board shall deposit in the general fund as general purpose revenue-earned all repayments of loans made under
sub. (2) and the interest on the loans.
39.40(5)
(5) The board shall administer the repayment and forgiveness of loans made under s.
36.25 (16), 1993 stats. The board shall treat such loans as if they had been made under
sub. (2).
39.40 Cross-reference
Cross Reference: See also ch.
HEA 11, Wis. adm. code.
39.41
39.41
Academic excellence higher education scholarships. 39.41(1)(ae)
(ae) "Executive secretary" means the executive secretary of the board.
39.41(1)(ag)
(ag) "Faculty of the high school" means the principal administrative unit of the faculty personnel of a high school designated under
sub. (1m) (j).
39.41(1)(bm)
(bm) "Senior" means a pupil enrolled in the 12th grade in a public or private high school, the school operated by the Wisconsin Educational Services Program for the Deaf and Hard of Hearing or the school operated by the Wisconsin Center for the Blind and Visually Impaired.
39.41(1m)(a)(a) Subject to
par. (d), by February 15 of each school year, the school board of each school district operating one or more high schools and the governing body of each private high school shall:
39.41(1m)(a)1.
1. For each high school with an enrollment of at least 80 pupils but less than 500 pupils, designate the senior with the highest grade point average in all subjects as a scholar.
39.41(1m)(a)2.
2. For each high school with an enrollment of at least 500 pupils but less than 1,000 pupils, designate the 2 seniors with the 2 highest grade point averages in all subjects as scholars.
39.41(1m)(a)3.
3. For each high school with an enrollment of at least 1,000 pupils but less than 1,500 pupils, designate the 3 seniors with the 3 highest grade point averages in all subjects as scholars.
39.41(1m)(a)4.
4. For each high school with an enrollment of at least 1,500 pupils but less than 2,000 pupils, designate the 4 seniors with the 4 highest grade point averages in all subjects as scholars.
39.41(1m)(a)5.
5. For each high school with an enrollment of 2,000 or more pupils, designate the 5 seniors with the 5 highest grade point averages in all subjects as scholars.
