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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| SENATE BILL |
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| INTRODUCED BY RAFFERTY, ARGALL, KITCHEN, VOGEL, D. WHITE, FARNESE, WAUGH, BAKER, STACK, YUDICHAK, WARD, BROWNE, ERICKSON, BOSCOLA AND TARTAGLIONE, MARCH 4, 2011 |
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| REFERRED TO EDUCATION, MARCH 4, 2011 |
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| AN ACT |
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1 | Amending the act of March 10, 1949 (P.L.30, No.14), entitled "An |
2 | act relating to the public school system, including certain |
3 | provisions applicable as well to private and parochial |
4 | schools; amending, revising, consolidating and changing the |
5 | laws relating thereto," providing for loan forgiveness for |
6 | certain physicians. |
7 | The General Assembly of the Commonwealth of Pennsylvania |
8 | hereby enacts as follows: |
9 | Section 1. Section 2212-A(b) of the act of March 10, 1949 |
10 | (P.L.30, No.14), known as the Public School Code of 1949, added |
11 | October 30, 2001 (P.L.828, No.83), is amended and the section is |
12 | amended by adding a subsection to read: |
13 | Section 2212-A. Loan guarantor program. |
14 | * * * |
15 | (b) Loan Guarantor Program.--The Loan Guarantor Program |
16 | shall provide for the following: |
17 | (1) Life of loan servicing. |
18 | (2) Contracting for insurance with a guarantor, approved |
19 | by the agency, which offers a low-cost loan with competitive |
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1 | interest rates and loan fees to eligible applicants. |
2 | (3) Predetermining the eligibility of applicants who |
3 | receive a loan from an offeror to attend an accredited |
4 | medical school or an approved institution of higher learning |
5 | that is insured by a guarantor. |
6 | (4) Evaluating the benefit package of a guarantor for |
7 | adequacy, accessibility and availability of funds necessary |
8 | to provide adequate loss prevention. |
9 | (5) Loan forgiveness. |
10 | * * * |
11 | (j) Loan forgiveness.--A person who receives a loan under |
12 | this section shall receive loan forgiveness to attend medical |
13 | school, if all of the following requirements are met: |
14 | (1) The person is a graduate of a medical school located |
15 | in this Commonwealth. |
16 | (2) The person practices medicine in this Commonwealth |
17 | for a minimum of ten years. If the person practices medicine |
18 | in this Commonwealth for less than ten years the loan |
19 | forgiveness shall terminate the year preceding the person's |
20 | departure from this Commonwealth. |
21 | (3) The person volunteers at least 100 hours of service |
22 | in the health care field each year in which loan forgiveness |
23 | is requested. |
24 | Section 2. This act shall take effect July 1, 2011, or |
25 | immediately, whichever is later. |
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