39.395(1)(1) In this section, “institution of higher education” means an institution or college campus within the University of Wisconsin System, a technical college within the technical college system, or a private, nonprofit institution of higher education located in this state.

39.395(2)(a)(a) Fellowships for students who enroll in doctor of nursing practice, doctor of philosophy in nursing, or master of science in nursing degree programs in an institution of higher education.

39.395(2)(b)(b) Postdoctoral fellowships to recruit faculty for nursing programs in an institution of higher education.

39.395(2)(c)(c) Educational loan repayment assistance to recruit and retain faculty for nursing programs in an institution of higher education.

39.395(3)(3) The program established under sub. (2) shall require individuals who receive fellowships under sub. (2) (a) or (b) or assistance under sub. (2) (c) to make a commitment to teach for at least 3 consecutive years in a nursing program at an institution of higher education.

39.397(1)(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:

39.397(1)(a)(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.

39.397(1)(b)(b) Are nominated by a superintendent of a school district.

39.397(2)(a)(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.

39.397(2)(b)(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:

39.397(2)(b)2.2. 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.

39.397(3)(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.

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 percent of the loan’s principal and interest for the first fiscal year, 25 percent of the loan’s principal and interest for the 2nd fiscal year and 50 percent 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.