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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)

(2)

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 - ANNOT.

History: 1997 a. 27.

39.395 - ANNOT.

Cross Reference: See also ch. HEA 13, Wis. adm. code.