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HI SB2052
Bill
AI Summary
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Expands Hawaii educator loan program to include early childhood education (ECE) teachers at licensed centers and public prekindergarten programs, in addition to existing public school teacher eligibility.
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Increases loan forgiveness rates to 15% annually for the first three years and 27.5% annually for years four and five of teaching service.
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Establishes a cap on total loan forgiveness amount (specific dollar amount to be determined) for program participants.
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Exempts existing loans issued before the effective date from the new forgiveness provisions.
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Appropriates general revenue funds for fiscal year 2020-2021 to support loan forgiveness for early childhood education professionals, with funds to be expended by the University of Hawaii.
Legislative Description
Relating To Loan Forgiveness For Early Childhood Education Professionals.
Appropriation ($)
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Thielen excused (1).
5/11/2020