HB0450 - Tennessee: Scholarships And Financial Aid, Teachers, Principals And School Personnel, Tennessee Student Assistance Corporation

Companion Bill SB0223. Scholarships and Financial Aid - Creates loan-scholarship program to provide postsecondary financial assistance to students planning to become K-12 math or science teachers. - Amends TCA Title 49, Chapter 4. Fiscal Summary for HB0450 / *SB0223Increase State Expenditures - $800,000 - FY07-08 $1,000,000 - FY08-09 and thereafter Bill Summary for HB0450 / *SB0223 This bill requires the Tennessee student assistance corporation (TSAC) to administer a college loan-scholarship program for students training to become math or science teachers in grades K-12. Any student who receives a loan-scholarship would receive a credit of 20 percent of the loan amount for each year that the student teaches math or science full time in a Tennessee public school. Any person who does not remain in Tennessee to teach would be required [...]

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