A bill that would amend the Higher Education Act of 1965 and increase the amount of loan forgiveness available to highly-qualified teachers employed in low-income schools who teach in the same school district for five consecutive years. Teachers meeting such criteria could have up to $17,500 in loans forgiven. Currently, only math, science and special education teachers are afforded the $17,500 forgiveness figure, while all other teachers are capped at $5,000. The National Commission on Teaching and America's Future
found that one-third of all new teachers leave their instituions after three years, and 46 percent are gone within five years. Requires the low-income schools in question to be institutions at which more than 30% of students are impoverished.