HI HB690

Establishes a professional and doctoral degree loan forgiveness program administered by the University of Hawaii for graduates entering full-time public service employment

Eligible participants must earn a professional degree (M.D. or J.D.) or doctoral degree from an accredited University of Hawaii program and have outstanding student loan balances

Provides forgiveness of the lesser of a specified amount or 10% of total loans annually for the first five years of public service, and 25% annually for years six and seven

Creates a special fund for the program and appropriates funds for fiscal years 2015-2016 and 2016-2017 (amounts not specified in bill text)

Requires the University of Hawaii to publish annual reports beginning September 1, 2016, detailing program participation, funds applied to forgiveness, and funding sources