Minnesota § 447.331 - STUDENT LOAN; MEDICAL SCHOOL, HEALTH-FIELD PROGRAM
Full text of Minnesota Minnesota Statutes § 447.331 — STUDENT LOAN; MEDICAL SCHOOL, HEALTH-FIELD PROGRAM, with citation guidance and answers to common questions.
§ 447.331. STUDENT LOAN; MEDICAL SCHOOL, HEALTH-FIELD PROGRAM
Subdivision 1.Eligibility; loan amounts.
A hospital district may provide loans for the cost of education and living expenses to students who:
(1) meet eligibility criteria established by resolution of the hospital board;
(2) are enrolled in an accredited medical school or health-related educational program; and
(3) agree in writing to practice medicine in, or accept employment with, the hospital district that has provided the loans for a specified period of time.
No loan may exceed $28,000 to any one applicant. It must be paid in annual installments not to exceed $7,000 per year. No loan may be made to a student who is receiving a similar loan under another program authorized by law. Each recipient shall execute a note to the hospital district payable on demand for the principal amount of the loan and for any interest agreed to by the parties. All other terms for fulfilling the obligation and of breach of the obligation must be determined by the parties and must be fully and clearly stated in the loan contract. If the recipient fails to fulfill the obligation to practice or accept employment, the principal and interest, if any, shall be payable according to the terms of the note.
Subd. 2.Special law hospital districts.
Subdivision 1 applies to a hospital district organized under special law. A hospital district so organized may spend funds for the purposes authorized by subdivision 1.
History:
1976 c 276 s 1,3; 1984 c 407 s 1; 1987 c 229 art 10 s 1
Official Publication of the State of Minnesota
Revisor of Statutes
Source: official Minnesota text · Last verified 2026-08-27
Frequently Asked Questions About Minnesota § 447.331
What does Minnesota Statutes § 447.331 cover?
Section 447.331 ("STUDENT LOAN; MEDICAL SCHOOL, HEALTH-FIELD PROGRAM") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 447.331?
A common citation format is "Minnesota Statutes § 447.331" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 447.331 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.