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Bill Detail: SB19-003

 

Title Educator Loan Forgiveness Program
Status Senate Third Reading Passed - No Amendments (03/22/2019)
Bill Subjects
  • Education & School Finance (Pre & K-12)
  • Higher Education
House Sponsors B. McLachlan (D)
J. Wilson (R)
Senate Sponsors D. Coram (R)
R. Zenzinger (D)
House Committee
Senate Committee Education
Date Introduced 01/04/2019
Description

The bill makes changes to the teacher loan forgiveness program,
renaming it the educator loan forgiveness program (program) and revising
the eligibility criteria for the program.
The program:
  • Repays up to $5,000 of qualified educational loans for up
to 5 years for teachers and other educators employed in

qualified positions under the program; and
  • Targets teachers and other educators employed in
hard-to-fill positions due to geography or content area.
The department of education (department) is required to annually
identify the content shortage areas that qualify for the program.
Subject to available appropriations, the Colorado commission on
higher education (commission) shall approve up to 100 new participants
in the program each year, and the bill specifies the criteria the
commission shall use to prioritize applicants, if necessary.
The program includes the educator loan forgiveness fund, and the
commission shall adopt policies that ensure that loan repayment is made
only on qualified loans for educators in qualified positions.
The commission shall prepare an annual report for the general
assembly that includes information concerning the content shortage areas
identified by the department and information concerning the program
participants.
The bill extends the repeal date of the program.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (01/23/2019) (most recent)  
Additional Bill Documents Bill Documents
Including:
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  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
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Votes House and Senate Votes
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