AL HB435

Increases base program loan repayment awards for math and science teachers from $2,500 to $3,750 per semester, and maintains $1,500 per semester for computer science teachers.

Establishes tiered compensation beginning after the 2022 fall semester: $7,500 per year ($3,750 per semester) for math and science teachers, with higher rates available for teachers in schools with acute teacher shortages or failing school designations.

Provides additional supplemental funds of $2,500 per year ($1,250 per semester) for math and science teachers, and $1,000 per year ($500 per semester) for computer science teachers, in school systems with documented acute shortages.

Requires eligible teachers to hold valid Alabama professional educator certificates in math, science, or computer science; teach at least three-fourths of full-time load in these subjects; and have outstanding federal student loans.

Establishes that recipients continue receiving awards for the four-year limit regardless of school system shortage designation changes, but lose supplemental funds if they leave shortage or failing schools.