39.32(2)(b)
(b) Establish standards and methods for determining the amount of loans, rates of interest, financial need and other administrative procedures consistent with P.L.
89-329 and P.L.
89-287.
39.32(3)
(3) The board may make and authorize loans to be made to students if:
39.32(3)(a)
(a) The student is enrolled or accepted for enrollment in an institution of higher education.
39.32(3)(b)
(b) The student's eligibility for a loan is certified to the board by the institution of higher education in which the student is enrolled or has been accepted for enrollment.
39.32(3)(c)
(c) The student has a satisfactory academic record.
39.32(3)(e)
(e) The student needs financial assistance.
39.32(3)(g)
(g) The student is not in default on any previous loan or the board has determined that the student has made satisfactory arrangements to repay the defaulted loan.
39.32(4)
(4) Loans may be made to minors and minority shall not be a defense to the collection of the debt.
39.32(5)
(5) The board may collect any loans made or authorized to be made by the board pursuant to this section or made prior to July 1, 1966, under s.
49.42, 1963 stats.
39.32(6)
(6) The board shall satisfy the loan of any student who obtained a loan under this section or under s.
39.023, 1965 stats., between July 1, 1966, and December 15, 1968, if the student dies after July 1, 1966, and before completing repayment of the loan, and shall write off the balance of principal and interest owing on the loan on the date that the board received confirmation of the student's death. Obligation to repay such a loan shall terminate on the date of the student's death and any payments made on the loan to the board after the date of the student's death shall be refunded to the payor or the payor's heirs or personal representative upon receipt by the board of an application for refund.
39.32(7)
(7) The board may write off defaulted student loans made pursuant to this section or made prior to July 1, 1966, under s.
49.42, 1963 stats., from moneys other than advances from the investment board originally appropriated for student loans, and from moneys other than moneys resulting from assignment, sale or conveyance of student loans.
39.32(8)
(8) The board may use up to $150,000 annually of student revenue bond proceeds for the purpose of consolidating loans for needy students who have a state direct loan and one or more federally guaranteed student loans from one or more private lenders.
39.32(10)(a)(a) The board may enter into contractual agreements with lenders in this state and lenders in other states which grant loans to residents of this state, and with institutions and agencies wherein the board may provide and furnish to such lenders, institutions and agencies administrative services related to the operation of any programs involving the granting of loans to students including but not limited to any and all services and functions related to the granting, administering and collecting of any loans made to students.
39.32(10)(b)
(b) The board shall have all powers that are reasonably appropriate to the provision of such services and the performance of such contracts and may include charges or fees to be paid by the lenders, institutions and agencies to the board for the provision of such administrative services or any services or activities related to the collection of any student loans for which the board may become responsible by operation of law or by contractual agreements under this paragraph, but such charges or fees, before being instituted by the board, shall be approved by the secretary of administration.
39.32(11)(a)(a) In lieu of the procedure under ch.
812, the board, on behalf of the corporation under s.
39.33, or the corporation, on its own behalf, may certify the department of administration to deduct money from a state employee's earnings. The board shall specify an amount, not to exceed 25 percent of the employee's disposable earnings, as defined in s.
812.30 (6), to be deducted on a continuing basis until the amount certified by the board or corporation has been paid. The department of administration shall remit moneys deducted to the board or the corporation.
39.32(11)(b)
(b) The procedure in this section may be used only if the amount owed to the board or corporation is reduced to a judgment. At least 30 days prior to certification, the board or corporation shall notify the debtor under s.
879.05 (2) or
(3) of the intent to certify the debt to the department of administration and of the debtor's right to a contested case hearing before the board under s.
227.42. If the debtor requests a hearing within 20 days after receiving notice, the board shall notify the department of administration which shall not make deductions under par.
(a) until a decision is reached under s.
227.47 or the case is otherwise concluded.
39.32(11)(c)
(c) The department of administration shall prescribe the manner and form for certification of debts by the board or corporation under this subsection.
39.32 Annotation
The legislature may direct the public land commissioners to invest monies from the sale of public lands in student loans under s. 39.32, but it may not direct a specific investment. 65 Atty. Gen. 28.
39.325
39.325
Wisconsin health education loan program. 39.325(1)(1)
There is established, to be administered by the board, a Wisconsin health education loan program under P.L.
94-484, on July 29, 1979, in order to provide financial aid to medical and dentistry students enrolled in the University of Wisconsin Medical School, the Medical College of Wisconsin or Marquette University School of Dentistry.
39.325(2)
(2) The board shall lend to students who qualify under sub.
(1) any moneys appropriated or authorized through the issuance of revenue obligations. The board shall require a student borrowing moneys under this section to pay interest while in medical or dental school and during his or her residency training at the rate of at least 3 percent per year on the sum of the principal amount of the student's obligation and the accumulated interest, unless federal law provides otherwise as a condition of guaranteeing the loan. Principal and interest payable on maturing revenue obligations shall, when necessary, be paid from funded reserves, authorized under subch.
II of ch. 18, or from moneys made available under
chapter 20, laws of 1981, section
2022 (1).
39.325(3)
(3) The board shall promulgate rules and establish standards and methods of determining the amounts of loans, rates of interest and other administrative procedures consistent with P.L.
94-484, on July 29, 1979. The rates of interest shall be set as low as possible, but shall remain sufficient to cover all costs of the program under this section.
39.33
39.33
Guaranteed student loan program. 39.33(1)(1)
The board may organize and maintain a nonstock corporation under ch.
181 to provide for a guaranteed student loan program in this state under P.L.
89-287 and P.L.
89-329 as may from time to time be amended. The board may make use of and pay for the use of the facilities and services of such corporation.
39.33(2)
(2) The board may provide administrative services for the nonstock corporation with which the board has entered into a contractual agreement for purposes of providing for a guaranteed student loan program in this state. Services provided under this section shall be in accordance with the decision of the board as to the type and scope of services requested and the civil service range of any employee assigned to them.
39.33(3)
(3) The board or the legislature or any person delegated by the legislature may inspect and examine or cause an inspection and examination of all records relating to all programs that are, or are to be, administered under contractual agreement between the board and the corporation.
39.33 History
History: 1995 a. 27;
1997 a. 27.
39.34
39.34
Medical student loan program. Notwithstanding s.
39.34, 1991 stats., the board shall terminate on August 12, 1993, any obligation to repay a loan awarded under this section.
39.35
39.35
Repayment of scholarships for teachers in educationally disadvantaged areas. Notwithstanding s.
39.35, 1969 stats., and s.
39.35, 1991 stats., the board shall terminate on August 12, 1993, any obligation to repay a student aid award made under this section.
39.36
39.36
Repayment of stipends for teachers of the handicapped. Notwithstanding s.
39.36, 1969 stats., s.
39.37 (3) (b), 1969 stats., and s.
39.36, 1991 stats., the board shall terminate on August 12, 1993, any obligation to repay a stipend awarded under this section.
39.37
39.37
Student loan funding. 39.37(1)(1)
Student loans made or authorized to be made under s.
39.32 may be funded from the proceeds of revenue obligations issued subject to and in accordance with subch.
II of ch. 18.
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) 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), shall be deposited in the general fund.
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.
39.382
39.382
Tribal college payments. 39.382(1)(a)
(a) “Bureau of Indian education" means the bureau of Indian education in the federal department of the interior.
39.382(1)(d)
(d) “Tribal college" means an accredited college, operated or controlled by a federally recognized American Indian tribe or band in this state, that meets the requirements of
25 USC 1804.
39.382(2)
(2) From the appropriation under s.
20.235 (1) (kc), the board shall make payments to the governing bodies of tribal colleges, as provided in subs.
(4) and
(5).
39.382(3)
(3) Not later than October 15 of each year, the governing body of any tribal college that desires to receive payments under sub.
(2) shall report to the board all of the following:
39.382(3)(a)
(a) The number of full-time equivalent students enrolled at the tribal college for the previous academic year who reside in Wisconsin and for whom the tribal college will not receive funds from the bureau of Indian education.
39.382(3)(b)
(b) The Indian student count for the previous academic year.
39.382(3)(c)
(c) The per student funding amount that the tribal college has received or expects to receive from the bureau of Indian education based on the tribal college's reported Indian student count for the previous academic year.
39.382(4)
(4) Not later than December 31 of each year, the board shall make a payment to each governing body of a tribal college that has timely submitted to the board a report under sub.
(3). Subject to sub.
(5), the amount of the annual payment to each tribal college shall be the result obtained by multiplying the number reported under sub.
(3) (a) by the per student funding amount reported under sub.
(3) (c).
39.382(5)
(5) If the moneys appropriated under s.
20.235 (1) (kc) are not sufficient to make full payment to each tribal college under sub.
(4), the board shall prorate the payments to tribal colleges under sub.
(4) in the proportion that the moneys available bears to the total amount of payments that would be made if sufficient moneys had been appropriated under s.
20.235 (1) (kc).
39.382 History
History: 2015 a. 55.
39.385
39.385
Primary care and psychiatry shortage grant program. 39.385(1)(a)
(a) “Graduate medical education training program" means any of the following:
39.385(1)(a)1.
1. A program of education in a medical specialty following the completion of medical school that prepares a physician for the independent practice of medicine in that specialty.
39.385(1)(a)2.
2. A program of education in a medical subspecialty following the completion of education in a medical specialty that prepares a physician for the independent practice of medicine in that subspecialty.
39.385(1)(b)
(b) “Grant program" means the primary care and psychiatry shortage grant program under this section.
39.385(1)(d)
(d) “Health service shortage area" means an area designated by the governor and certified by the federal secretary of health and human services under
42 USC 1395x as an area with a shortage of personal health services.
39.385(1)(f)
(f) “Primary care medicine" means any of the following medical specialties:
39.385(1)(h)
(h) “Underserved area" means a health professional shortage area, a health service shortage area, or a medically underserved area.
39.385(2)
(2) Establishment of program. There is established, to be administered by the board, a primary care and psychiatry shortage grant program to encourage primary care physicians and psychiatrists who meet the eligibility requirements specified in sub.
(3) to practice primary care medicine and psychiatry in underserved areas in this state by providing grants of financial assistance to those physicians and psychiatrists as provided in sub.
(4).
39.385(3)
(3) Eligibility. A physician or psychiatrist is eligible for financial assistance as provided under sub.
(4) if the physician or psychiatrist meets all of the following requirements:
