39.40 Minority teacher loan program.
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)(a)
(a) A Black American.39.40(1)(b)
(b) An American Indian.39.40(1)(c)
(c) A Hispanic, as defined in s. 560.036 (1) (d).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 - ANNOT.
History: 1989 a. 31; 1995 a. 27; 1997 a. 27.39.40 - ANNOT.
Cross Reference: See also ch. HEA 11, Wis. adm. code.