Creates the social work professional loan repayment program for social work professionals which will be administered by the office of student financial assistance.

Allows social workers employed by the department of social and health services children's administration or the department of children, youth, and families to participate in the program two years after commencing their employment as a social worker for either agency.

Establishes a pilot program for up to ten embedded social workers to participate in the social work professional loan repayment program.

Establishes a pilot program for up to ten mental health professionals or social workers employed by local governments to participate in the social work professional loan repayment program.

Authorizes the office of student financial assistance to grant loan repayment to eligible participants from the funds appropriated for this purpose or from private or public funds given to the office for this purpose.

Creates the social work professional loan repayment program fund.