HF 722 – Teach Iowa Scholar Fund
HF 722 allows all available funds in the Teacher Shortage Forgivable Loan Repayment Fund and the Teacher Shortage Loan Forgiveness Repayment Fund to be transferred to the Teach Iowa Scholar Fund. The Teacher Shortage Loan Forgiveness and Forgivable Loan Programs are no longer supported by state funding. The Iowa College Student Aid Commission estimates that approximately $146,000 is available to transfer to the Teach Iowa Scholar Fund, along with a limited number of additional repayments that are received each month. Under the bill, approximately $191,000 will be transferred to the Teach Iowa Scholar Fund in FY22.
[5/5: 48-0 (Excused: Hogg, Nunn)]