Are there any special rules for graduates attending medical school?
Yes, there are special rules for graduates attending medical school in Wisconsin. As of August 2020, graduates of medical school in Wisconsin can apply for up to $25,000 a year in student loan forgiveness. This forgiveness program is available to any graduate of a Wisconsin accredited medical school who has borrowed to finance their medical school expenses. In order to qualify for the forgiveness program, the graduate must have been a Wisconsin resident for at least 12 months prior to applying for the program. Graduates must also agree to practice medical services in Wisconsin for at least five years after receiving the loan forgiveness. Additionally, the graduate must provide proof of service in the medical field. This can include a license, certificate, or similar document. If the graduate meets all the requirements and is accepted into the loan forgiveness program, they can receive up to $25,000 a year from the Wisconsin Higher Education Aids Board to reduce student loan debt. This student loan forgiveness program is meant to provide medical professionals with the opportunity to further their education and provide services to the state of Wisconsin.
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