Establishes Grow Your Own Teacher Loan Redemption Program in Higher Education Student Assistance Authority.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill establishes the Grow Your Own Teacher Loan Redemption Program within the Higher Education Student Assistance Authority. The program aims to encourage graduates of school districts facing teacher shortages to return and teach in those districts. Participants who commit to teaching for at least five years in a qualifying district can receive up to $10,000 in student loan redemption annually, with a maximum of $50,000 over five years. The program is capped at $500,000 in annual state spending.
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