Expands nursing education loans for students in critical needs areas in South Carolina.
The bill amends the South Carolina Critical Needs Nursing Initiative Act to expand the availability of loans for nursing education. It allows for loans up to $10,000 for LPN or NA diplomas, $20,000 for associate's degrees, and $40,000 for bachelor's degrees for those without an associate's degree. Loan recipients must practice in critical needs areas for one year per year of loan received. The bill also outlines terms and conditions for these loans, including penalties for noncompliance and interest rates.
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