The proposed bill establishes the "Health Care Professional Loan Forgiveness Program" in South Carolina, aimed at alleviating student loan debt for health care professionals who commit to serving in underserved rural or urban areas. The program will be administered by the South Carolina Area Health Education Consortium and will provide eligible participants with up to $30,000 in loan forgiveness, contingent upon their commitment to work in designated areas for a specified period. Eligibility criteria include being free from federal debt judgments, current on child support payments, and holding an unencumbered South Carolina license in their field after graduation.

Additionally, the bill creates an advisory committee to assist in the program's administration, comprising representatives from various health care professions. The program's implementation is contingent upon funding in the annual appropriations bill, and any unspent funds will be carried forward for future loan awards. The consortium is also permitted to retain a portion of the annual appropriation to cover administrative costs.