MS SB2305

Creates the "William F. Winter and Jack Reed, Sr., Teacher Loan Repayment Program" administered by the State Financial Aid Board to repay undergraduate student loans for new teachers in Mississippi public schools

Eligible applicants must be first-year teachers with a bachelor's degree from a regionally accredited institution, a standard five-year teaching license (not emergency), and outstanding undergraduate education loans

Teachers in non-shortage districts receive $2,500 (year 1), $3,500 (year 2), and $4,500 (year 3); teachers in critical shortage districts receive $4,500 (year 1), $5,500 (year 2), and $6,500 (year 3)

Establishes the William F. Winter and Jack Reed, Sr., Loan Repayment Program Fund in the State Treasury, with funds not lapsing at fiscal year end

Repeals five existing teacher loan programs: Assistant Teacher Forgivable Loan Program, Teacher Education Scholars Forgivable Loan Program, William F. Winter Teacher Forgivable Loan Program, Mississippi Teaching Fellows Forgivable Loan Program, and Teacher Education Alternate Route Certification Scholars Program