Thursday, May 05, 2005

HB 63: Student Loan Forgiveness for Urban Teachers

H.B. 63, P.N. 125 (ROEBUCK) This would create the Urban Teacher Loan Forgiveness Act.
This would allow a state certified teacher in a designated urban public school (so designated by the Education Secretary as having difficulty attracting qualified teachers) to receive forgiveness for a Federally insured student loan from the Pennsylvania Higher Education Assistance Agency. Such a teacher would have up to $2,000 of loan forgiveness for employment for one academic year, up to $3,000 such forgiveness for a second academic year of employment, $4,000 for a third academic year of employment, and up to $6,000 for a fourth academic year of employment (for a potential total of $15,000 of loan forgiveness).


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