Text: HF00626 Text: HF00628 Text: HF00600 - HF00699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. NEW SECTION. 261.44A TEACHER SHORTAGE LOAN 1 2 PAYMENTS. 1 3 An individual is eligible for reimbursement payments under 1 4 the guaranteed loan payment program if the individual meets 1 5 all of the following conditions: 1 6 1. Is a teacher employed on a full-time basis under 1 7 sections 279.13 through 279.19 in a school district in this 1 8 state, is a teacher in an accredited nonpublic school in this 1 9 state, or is a licensed teacher at the Iowa braille and sight 1 10 saving school or the Iowa school for the deaf. 1 11 2. As of the beginning of a school year, has an 1 12 outstanding debt with an eligible lender under the Iowa 1 13 guaranteed loan program or has parents with an outstanding 1 14 debt with an eligible lender under the PLUS loan program. 1 15 3. Has never defaulted on a loan guaranteed by the 1 16 commission or by the federal government. 1 17 4. Teaches in an area the state department of education, 1 18 in consultation with the United States department of 1 19 education, has designated as a teacher shortage area. 1 20 5. The maximum annual reimbursement payment to an eligible 1 21 teacher for loan repayments made during a school year is one 1 22 thousand dollars or the remainder of the teacher's loan, 1 23 whichever is less. Total payments for an eligible teacher 1 24 shall not exceed six thousand dollars. If a teacher fails to 1 25 complete a year of teaching in an eligible course in a teacher 1 26 shortage area, designated under subsection 4, the teacher 1 27 shall not be reimbursed for loan repayments made during that 1 28 school year. 1 29 6. The commission may sign contracts with eligible 1 30 students at or after the time of loan origination to assure 1 31 loan repayment. 1 32 EXPLANATION 1 33 This bill provides that a person is eligible for 1 34 reimbursement payments under the guaranteed loan payment 1 35 program if the individual is a full-time teacher at an 2 1 accredited school, has an outstanding debt with an eligible 2 2 lender under the Iowa guaranteed loan program or whose parents 2 3 have an outstanding debt in the PLUS program, has never 2 4 defaulted on a college student aid commission loan or federal 2 5 loan, and teaches in an area the state department of 2 6 education, in consultation with the United States department 2 7 of education, has designated a teacher shortage area. 2 8 The maximum annual amount of reimbursement under the bill 2 9 is $1,000 or the remainder of the teacher's loan, whichever is 2 10 less. Total payments are limited to $6,000. If the teacher 2 11 fails to finish the year of instruction in a designated 2 12 teacher shortage area, no reimbursements shall be made to the 2 13 teacher for that year. 2 14 LSB 2019HH 77 2 15 kh/jj/8
Text: HF00626 Text: HF00628 Text: HF00600 - HF00699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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