MS SB2505

Expands the William F. Winter Teacher Forgivable Loan Program to make awards available to nontraditional licensed teachers who demonstrate documented need for student loan repayment.

Requires nontraditional licensed teachers to be employed in school districts designated by the State Board of Education as having critical shortages in either geographical areas or specific subject areas.

Sets maximum annual repayment amount for nontraditional teachers at $3,000 and establishes maximum repayment period of four years.

Maintains existing loan conversion to interest-free scholarships for teachers rendering service in public schools (including charter schools) for at least 78 school days.

Effective July 1, 2019.