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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Education and the Workforce
      Higher Education and Workforce Training
    IntroducedJuly 31st, 2013

What is it?

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.

Impact

If enacted, the bill would alleviate certain teachers at certain low-income schools of some debt. Optimistically, this bill would increase teacher retention, fulfilling the bill's aim. Pessimistically, the legislation, while lessening financial burden, would not translate to increased teacher retention.

Cost

A CBO cost estimate is not available at this time.

AKA

SERVE Act

Official Title

To amend the Higher Education Act of 1965 to 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.

    Help out those teachers that also received private loans. Why should they be punished for the advice of a financial advisor when they were 18. In college they decided being an educator was a worthwhile and honorable profession, yet they don’t deserve the same loan forgiveness?
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