MS SB2673

Removes the cap on initial awards from 150 individuals and limits to 150 new applicants annually, allowing all eligible teachers to apply on a first-come, first-served basis with the Postsecondary Education Financial Assistance Board managing total program expenses.

Expands eligibility to include teachers with nontraditional five-year alternate route licenses in addition to standard five-year licenses.

Extends eligibility to include graduate educational loans in addition to undergraduate loans for loan repayment assistance.

Allows initial award recipients to receive up to two additional awards (for a total of three awards over time) if they remain eligible, with priority consideration given to renewal applicants in subsequent years.

Removes the program's sunset date of July 1, 2024, making it permanent, and changes oversight from the State Financial Aid Board to the Postsecondary Education Financial Assistance Board.