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THE SENATE |
S.B. NO. |
968 |
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THIRTY-THIRD LEGISLATURE, 2025 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to teacher loans.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
"§302A- Teacher loan forgiveness program;
established. (a) There is established a teacher
loan forgiveness program to be administered by the department, in
partnership with a financial institution whose operations are principally
conducted in Hawaii, to provide financial support to individuals who agree to
teach as full-time teachers for two years in the Hawaii public school system;
provided that priority shall be given for applications
from individuals who agree to teach at a school located in a rural area
in the State, as determined by the superintendent.
(b) An individual applying for the teacher loan
forgiveness program shall obtain a license from the Hawaii teacher standards
board prior to submitting an application.
(c) An application for the teacher
loan forgiveness program shall be made within the first year of the applicant being
employed as a full-time teacher in the Hawaii public school system; provided
that an application may be submitted before the applicant commences employment,
subject to subsection (b). The
application shall include the start date of the employment or the expected
start date of the employment.
(d) Subject to available funds, the department
shall deny or tentatively approve each application within ninety days of
submission. For each tentatively
approved application, the department shall inform the applicant:
(1) Of the loan amount to be
forgiven; provided that the board shall determine the amount, subject to a
maximum of $ per
individual;
(2) That the applicant is required to teach
full-time in the Hawaii public school system for two years in order to be
eligible for the teacher loan forgiveness program; and
(3) Of any other requirements established by
the department.
(e) The department shall periodically monitor the
employment with the department of each applicant who has obtained a tentatively
approved application under subsection (d).
After an applicant has satisfied all requirements under the teacher
loan forgiveness program, the department shall award funds to the applicant;
provided that if an applicant has not satisfied all requirements under
the teacher loan forgiveness program within four years of the start date
in the application, the department shall deny that application and inform the
applicant of that denial.
(f) The department shall adopt rules pursuant to
chapter 91 to implement the teacher loan forgiveness program."
SECTION 2. There is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2025-2026 and the same sum or so much thereof as may be necessary for fiscal year 2026-2027 for the teacher loan forgiveness program established pursuant to section 302A- , Hawaii Revised Statutes.
The sums appropriated shall be expended by the department of education for the purposes of this Act.
SECTION 3. New statutory material is underscored.
SECTION 4. This Act shall take effect on July 1, 2025.
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INTRODUCED BY: |
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Report Title:
DOE; Teachers Loans; Loan Forgiveness; Appropriation
Description:
Requires the Department of Education to establish a teacher loan forgiveness program to assist in the payment of loans for teachers who commit to teaching in the Hawaii public school system. Appropriates funds.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.