Plain English Breakdown
The bill summary does not provide specific details on how much funding will be allocated for fiscal year 2026-2027.
Educator Student Loan Repayment Program
This bill establishes a program to help educators repay their student loans if they work full-time in public schools in Hawaii.
What This Bill Does
- Establishes the Educator Student Loan Repayment Program to provide for the repayment of qualified student loans for certain educators in the State.
- Requires applicants to be licensed educators working full-time in a public school and have outstanding student loans.
- Provides loan repayments of up to $20,000 after five years of service and an additional $25,000 after seven years of service.
- Establishes rules for applying, verifying service, and disbursing funds under the program.
Who It Names or Affects
- Licensed educators working full-time in public schools in Hawaii.
- The Department of Education which will administer the program.
Terms To Know
- Qualified student loan
- A government or commercial loan for tuition and other expenses leading to a degree that qualifies someone to be an educator.
- Educator
- A teacher, counselor, or librarian who holds a valid license from the Hawaii Teacher Standards Board and works full-time in a public school.
Limits and Unknowns
- The bill does not specify how much funding will be allocated for fiscal year 2026-2027.
- It is unclear what criteria will determine eligibility for loan repayments beyond the basic requirements outlined in the bill.
- The exact rules and procedures for applying to and receiving funds under the program have yet to be established.