Summary: H.R.5718 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for H.R.5718. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (11/13/2002)

Amends the Higher Education Act of 1965 to revise student loan forgiveness for teachers under the Federal Family Education Loan and Federal Direct Loan programs. Expands forgiveness eligibility by: (1) eliminating requirements allowing only certain new borrowers to participate; and (2) increasing the types of eligible teaching locations and subjects. Includes, as separate bases for eligibility, full-time teaching in: (1) a school qualifying for Perkins loan cancellation; (2) a school in a high-need local educational agency; (3) special education; or (4) mathematics or science. Eliminates a service requirement that an individual teach at least five consecutive complete school years before being eligible for program benefits. Increases to $20,000 the aggregate amount of an individual teacher's student loan obligation which may be forgiven, and revises the rate of repayment.

Amends the Elementary and Secondary Education Act of 1965 to require State educational agencies to give priority to high-need local educational agencies, under a program of grants to States for preparing, training, and recruiting high-quality teachers and principals.