NY A04082

Establishes a student loan redemption program providing up to $9,000 toward eligible student loan principal and interest for qualifying public school teachers in New York

Requires participants to teach STEM subjects (science, technology, engineering, mathematics) or special education full-time for three consecutive years in a public school or charter school

Limits eligibility to newly hired teachers who graduated in the top 20% of their high school class or scored in the top 20% on SAT/ACT, and earned at least a 3.5 GPA from a higher education institution

Participants must be New York state residents and execute a contract with the Higher Education Services Corporation; they may teach at different schools during the three-year period

Requires annual reporting to the governor and legislature by August 1st on program participation, impact on teacher recruitment, and participant withdrawal rates