TO: | Honorable Joe Straus, Speaker of the House, House of Representatives |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB518 by Kolkhorst (relating to programs to provide student loan repayment assistance for certain correctional officers and for certain speech-language pathologists and audiologists.), As Passed 2nd House |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2010 | ($409,261) |
2011 | ($937,248) |
2012 | ($977,914) |
2013 | ($6,202,074) |
2014 | ($11,553,554) |
Fiscal Year | Probable (Cost) from General Revenue Fund 1 |
---|---|
2010 | ($409,261) |
2011 | ($937,248) |
2012 | ($977,914) |
2013 | ($6,202,074) |
2014 | ($11,553,554) |
Fiscal Year | Change in Number of State Employees from FY 2009 |
---|---|
2010 | 1.0 |
2011 | 2.0 |
2012 | 2.0 |
2013 | 2.0 |
2014 | 2.0 |
The bill would create programs to provide student loan repayment assistance for certain correctional officers and for certain speech-language pathologists and audiologists. The bill would also create the Texas Teach Corps Student Loan Repayment Program Assistance Program for undergraduate students who agree to teach in school districts that have shortages of teachers in mathematics or science
Correctional Officer Loan Repayment Program
The bill would create a pilot program, administered by the Higher Education Coordinating Board, to provide student loan repayment assistance to certain correctional officers who graduate from
Speech-language pathologist and audiologists loan repayment program
The bill would create a student loan repayment assistance program for speech-language pathologists or audiologists employed by a public school. The program would be administered by the Higher Education Coordinating Board. Under provisions of the bill, to be eligible for repayment assistance, the speech-language pathologist or audiologist would be required to: (1) apply to the Higher Education Coordinating Board; and (2) have been employed at full time capacity for at least one year by a public school; or (3) have been employed as a full-time faculty member of a communicative disorders program at an institution of higher education or private or independent institution of higher education for at least one year. The Board may also provide repayment assistance on a pro rata basis to speech-language pathologists or audiologists who are employed part-time by a public school or institution of higher education or private or independent institution of higher education.
The total amount of repayment assistance grants received by a speech-language pathologist or an audiologist under this chapter may not exceed, 1) for an eligible recipient who holds a master's degree but not a doctoral degree, a total of $30,000 over five years; or 2) for an eligible recipient who holds a doctoral degree, $45,000 over five years. The Board may provide repayment assistance for any student loan received by a speech-language pathologist or audiologist except for those loans that are in default. Funding for the repayments will come from money that is appropriated to the Board each biennium. The Board may also accept funds through gifts, grants, and donations to use for the student loan repayment assistance grants
The bill would create the Texas Teach Corps Student Loan Repayment Assistance Program, administered by the Higher Education Coordinating Board, for eligible students who agree to teach in public schools that have teacher shortages in math and science. Under provisions of the bill, not more than 4,000 eligible persons may be awarded loan repayment assistance in any one year, but beginning in the 2012-13 academic year, not more than 1,000 eligible persons may receive loans. The number of eligible persons would increase by a 1,000 each academic year.
Subject to the availablity of funds, the amount of an assistance payment provided under the bill in any year could not exceed $5,000. Except as provided for the bill, for the first school year of employment and each following consecutive school year of employment, not to exceed four years, the Higher Education Coordinating Board may provide assistance for the repayment of a portion of an eligible person's eligible loans.
The bill would create the mathematics and science teacher investment fund. The fund is a dedicated account in the general revenue fund and consists of appropriations of money to the fund by the legislature; gifts, grants, and other donations received for the fund; and interest and other earnings from the investment of the fund. The fund could only be used to provide repayment assistance for the repayment of eligible loans as specified in the bill.
Under provisions of the bill, the Higher Education Coordinating Board would begin providing loan repayment assistance for eligible persons teaching in the 2012-13 school year (fiscal year 2013).
Source Agencies: | 781 Higher Education Coordinating Board, 710 Texas A&M University System Administrative and General Offices, 720 The University of Texas System Administration, 758 Texas State University System, 769 University of North Texas System Administration, 783 University of Houston System Administration
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LBB Staff: | JOB, GO, MN, RT, KK
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