Missouri § 340.345 Loan repayment to include principal, interest and related expenses — annual limit.

Missouri Statutes

§ 340.345 — Loan repayment to include principal, interest and related expenses — annual limit.

Missouri § 340.345

Title XXIIOCCUPATIONS AND PROFESSIONS

Ch. 340Veterinarians

This text of Missouri § 340.345 (Loan repayment to include principal, interest and related expenses — annual limit.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 340.345 (2026).

Text

1.A loan payment provided for an individual pursuant to a written contract under the large animal veterinary medicine loan repayment program shall consist of payment on behalf of the individual of the principal, interest and related expenses on government and commercial loans received by the individual for tuition, fees, books, laboratory and living expenses incurred by the individual.

2.For each year of obligated services that an individual contracts to serve in an area of defined need, the department may pay up to thirty thousand dollars on behalf of the individual for loans described in subsection 1 of this section.

3.The department may enter into an agreement with the holder of the loans for which repayments are made under the large animal veterinary medicine loan repayment pro

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1. A loan payment provided for an individual pursuant to a written contract under the large animal veterinary medicine loan repayment program shall consist of payment on behalf of the individual of the principal, interest and related expenses on government and commercial loans received by the individual for tuition, fees, books, laboratory and living expenses incurred by the individual.

2. For each year of obligated services that an individual contracts to serve in an area of defined need, the department may pay up to thirty thousand dollars on behalf of the individual for loans described in subsection 1 of this section.

3. The department may enter into an agreement with the holder of the loans for which repayments are made under the large animal veterinary medicine loan repayment program to establish a schedule for the making of such payments if the establishment of such a schedule would result in reducing the costs to the state.

4. Any qualifying communities providing a portion of a loan repayment shall be considered first for placement.