HB 2436 Summary

• Expands the Mathematics, Science and Special Education Teacher Student Loan Program to include students pursuing teaching degrees or teacher certification programs after obtaining a bachelor's degree.

• Increases the maximum annual loan amount from $7,000 to $10,000 per year, excluding grants, scholarships, and tuition benefits.

• Modifies service commitment requirements to begin "within one calendar year after completing a teaching degree or teacher certification program" rather than after attaining a bachelor's degree.

• Appropriates $500,000 from the state general fund in fiscal year 2015-2016 to the Commission for Postsecondary Education for deposit in the teacher student loan fund.