HB 163 (BR 244) - K. Stevens
AN ACT relating to loan forgiveness, making an appropriation therefor, and declaring an emergency.
Amend KRS 164.769 to delete priority for loan forgiveness from the teacher scholarship program for teachers who have outstanding loan balances for "Best in Class for Teachers" loans issued prior to June 30, 2008; amend KRS 164.7531 to require that, beginning with fiscal year 2010-2011, the Kentucky Higher Education Assistance Authority provide, to the extent funds are available, up to $3,000 per year for up to ten years, not to exceed $30,000 cumulative benefit, for loan forgiveness to persons who had "Best in Class for Teachers, " "Best in Care for Nurses, " and "Best in Law for Public Service Attorneys" loans issued prior to June 30, 2008; require loan recipients to continue to make all required payments; permit the authority to use other sources of income to provide loan forgiveness; APPROPRIATION; EMERGENCY.
(Prefiled by the sponsor(s).)
Jan 5-introduced in House; to Education (H)