Bill Text: NY S05367 | 2021-2022 | General Assembly | Introduced
Bill Title: Establishes the rural teacher education loan repayment program in the education department which provides payment for the undergraduate and graduate education loans of teachers in rural school districts who agree to teach in rural areas for at least 5 years.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2022-01-05 - REFERRED TO HIGHER EDUCATION [S05367 Detail]
Download: New_York-2021-S05367-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 5367 2021-2022 Regular Sessions IN SENATE March 3, 2021 ___________ Introduced by Sen. OBERACKER -- read twice and ordered printed, and when printed to be committed to the Committee on Higher Education AN ACT to amend the education law, in relation to establishing the rural teacher education loan repayment program The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The education law is amended by adding a new section 676-a 2 to read as follows: 3 § 676-a. Rural teacher education loan repayment program. 1. Defi- 4 nitions. For the purposes of this section: 5 a. "Rural school district" shall mean a school district providing 6 services within a rural area. 7 b. "Rural area" shall mean a county with a population of two-hundred 8 thousand or less; or a town with a population density of one hundred 9 fifty or less per square mile. 10 c. "Student loan expenses" shall mean the aggregate total of annual 11 student loans for the cost of attendance at an undergraduate and/or 12 graduate institution leading to teaching certification. Interest paid or 13 due on such loans shall be deemed to be eligible for reimbursement 14 pursuant to this section. 15 2. Establishment. a. There shall be established within the department 16 the rural teacher education loan repayment program. The department 17 shall, in cooperation and coordination with the New York state center 18 for rural schools, annually identify rural school districts which are 19 having difficulty attracting and retaining teachers, and develop crite- 20 ria upon which awards shall be made to teachers who become employed by 21 such identified rural school districts who agree to provide teaching 22 services within such rural area for not less than five years. 23 b. The commissioner is authorized, within amounts made available for 24 the purposes of this section, to make awards beginning January first, 25 two thousand twenty-two, to a teacher who as determined by the commis- EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10100-01-1S. 5367 2 1 sioner to be taking employment in a rural area identified as being 2 underserved, who is licensed to teach in this state and who agrees to 3 for at least five years teach in such rural area. Such a teacher shall 4 be eligible for a loan repayment award of up to twenty thousand dollars 5 per year. 6 3. Awards. Rural teacher education loan repayment awards shall be 7 awarded annually. Such awards shall be allocated by the president in 8 accordance with the criteria established pursuant to subdivision two of 9 this section. 10 4. Limit on awards. Loan repayment awards made to a teacher pursuant 11 to subdivision two of this section shall not exceed the total qualifying 12 outstanding debt of the teacher from student loans to cover tuition and 13 other related educational expenses, made by or guaranteed by the federal 14 or state government, or made by a lending or educational institution 15 approved under title IV of the federal higher education act. Loan repay- 16 ment awards shall be used solely to repay such outstanding debt. 17 5. Default. Within such time as the commissioner shall by regulation 18 provide, a recipient of an award shall have practiced as a teacher in an 19 rural area in the state. If a recipient fails to comply fully with such 20 conditions, the president shall be entitled to receive from such recipi- 21 ent an amount to be determined by the formula: 22 A = 2B(t-s) 23 ______ 24 t 25 in which "A" is the amount the president is entitled to recover, "B" is 26 the sum of all payments made to the recipient and the interest on such 27 amount which would be payable if at the times such awards were paid they 28 were loans bearing interest at the maximum prevailing rate; "t" is the 29 total number of months in the recipient's period of obligated services; 30 and "s" is the number of months of services actually rendered by the 31 recipient. Any amount which the president is entitled to recover under 32 this subdivision shall be paid within the five-year period beginning on 33 the date that the recipient failed to comply with this condition. Any 34 obligation to comply with such provisions shall be canceled upon the 35 death of the recipient. The commissioner shall promulgate regulations to 36 provide for the waiver or suspension of any financial obligation when 37 compliance would involve extreme hardship. 38 6. Rules. The commissioner shall consult with the New York state 39 center for rural schools, and the commissioner, in coordination with the 40 corporation, shall promulgate regulations to effectuate the provisions 41 and purposes of this section. 42 § 2. This act shall take effect on the one hundred twentieth day after 43 it shall have become a law; provided, however, that effective immediate- 44 ly, the addition, amendment and/or repeal of any criteria, rule or regu- 45 lation necessary for the implementation of this act on its effective 46 date are authorized and directed to be made and completed on or before 47 such effective date.
