The bill H. 3348 proposes to amend the South Carolina Code of Laws by adding Section 59-1-505, which establishes a student loan forgiveness program specifically for all registered nurses and doctors practicing in the state. This section allows these healthcare professionals to apply for loan forgiveness in accordance with guidelines set by the relevant department.

Additionally, the bill mandates that the General Assembly appropriate necessary funds from the general fund each year to support this student loan forgiveness initiative. The department is also tasked with creating and publishing the regulations, guidelines, and procedures needed to implement this program effectively. The act will take effect upon approval by the Governor.

Statutes affected:
12/05/2024: 59-1-505
Latest Version: 59-1-505
12/06/2024: 59-1-505