US SB2370 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on February 5 2018 - 25% progression, died in committee
Action: 2018-02-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

STRIVE Act Supporting the Teaching Profession through Revitalizing Investments in Valuable Educators Act This bill amends the Higher Education Act of 1965 to provide qualifying teachers with a new, incremental loan-cancellation program. Specifically, with respect to a 12-month period, the Department of Education (ED) must cancel a specified portion of a borrower's qualifying Federal Direct Loan Program loans if the borrower: (1) has made 12 consecutive on-time monthly payments, (2) is employed in a qualifying teaching position at the time of such cancellation, and (3) was employed in a qualifying teaching position during the period in which the borrower made the 12 payments. After a borrower has received such partial loan cancellation for a specified number of years, ED must cancel the borrower's eligible loans in full. The bill also: increases and extends funding for teacher training; makes changes to the Teacher Education Assistance for College and Higher Education grant program, including by increasing annual award amounts and making early childhood teachers eligible for such grants; requires ED to award grants to states to subsidize teacher certification and licensing fees for low-income individuals who have entered the teaching profession; expands the teacher quality partnership grant program to include early childhood educators; and increases the tax deduction for school expenses and extends the deduction to early childhood educators.

Tracking Information

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Title

STRIVE Act Supporting the Teaching Profession through Revitalizing Investments in Valuable Educators Act

Sponsors


History

DateChamberAction
2018-02-05SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB4914 (Same As) 2018-04-05 - Referred to the Subcommittee on Higher Education and Workforce Development.

Subjects


US Congress State Sources


Bill Comments

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