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House Journal: Page 1013: Monday, March 30, 1998

18   areas of the state experiencing a shortage of teachers
19   or administrators.  An individual is eligible for the
20   program if the individual meets all of the following
21   conditions:
22     a.  Is a resident of this state who is enrolled at
23   an institution of higher learning under the control of
24   the state board of regents or an accredited private
25   institution as defined in section 261.9.
26     b.  Is enrolled in one or more of the subject areas
27   determined by the department of education as
28   experiencing a shortage of practitioners.
29     c.  Has filed a loan application with the
30   commission.
31     d.  Meets the requirements for a practitioner
32   shortage loan established in this chapter and by
33   administrative rule.
34     2.  A practitioner shortage loan shall be awarded
35   for not more than the equivalent of two years and may
36   be awarded to an eligible individual under this
37   section if the individual agrees to serve as an
38   administrator for two years, or agrees to teach for
39   two years, in an area in this state that the
40   department of education has determined is experiencing
41   a shortage of practitioners.  A loan awarded in
42   accordance with this section, and the interest that
43   accrues on the loan, shall not become due and payable
44   until one year after the individual graduates. If a
45   loan recipient submits evidence to the commission that
46   the recipient was employed as a practitioner in a
47   practitioner shortage area for a school year in
48   accordance with this section, fifty percent of the
49   principal amount of the loan and any interest accruing
50   on fifty percent of the principal amount of the loan

Page 2  

 1   shall be canceled.  If the recipient continues
 2   employment as a practitioner in a practitioner
 3   shortage area as provided in this section during the
 4   next succeeding school year and submits evidence to
 5   the commission of the continuation of employment as a
 6   practitioner as agreed to in accordance with this
 7   subsection, the recipient is not required to commence
 8   repayment during that school year and at the end of
 9   that school year the remaining principal amount of the
10   loan, and any interest accruing on the principal
11   amount of the loan, are canceled.
12     3.  The interest rate on the loan shall be equal to
13   the interest rate collected by an eligible lender
14   under the Iowa guaranteed student loan program for the
15   year in which the loan is made.
16     4.  The commission shall prescribe by rule the
17   terms of repayment.  The commission shall set a final

© 1998 Cornell College and League of Women Voters of Iowa

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URL: /DOCS/GA/77GA/Session.2/HJournal/01000/01013.html
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