H.R. 789 · 108th Congress
Teacher Recruitment Act of 2003
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ChristensenSponsorNo cosponsors.
Teacher Recruitment Act of 2003 - Amends the Higher Education Act of 1965 (HEA) to establish new programs for teacher student loan forgiveness, under the guaranteed loan program and the direct loan program.
What it does: CRS summary · Introduced in House · Feb 13, 2003
Makes eligible for such student loan forgiveness any new borrower on or after October 1, 1998, who is: (1) employed as a full-time teacher in a public elementary or secondary school in an economically disadvantaged or depressed and underserved rural area; (2) State-certified or State-licensed to teach, and in compliance with State or local accountability standards; and (3) not in default on the loan.
Directs the Secretary to establish a formula that ensures fairness and equality for applicants in the selection of borrowers for such loan repayment under this section, based on the amount available.
Limits the portion of the outstanding loan obligation which the Secretary may repay to 15 percent for the first or second year of such service, 20 percent for the third or fourth year, and 30 percent for the fifth year.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Teacher Recruitment Act of 2003
Latest action (Mar 10, 2003): Referred to the Subcommittee on 21st Century Competitiveness.
Policy area: Education · Origin: House · Introduced: Feb 13, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.