STEM K to Career Act

Summary

STEM K to Career Act This bill amends the Higher Education Act of 1965 (HEA) to require the Department of Education to forgive student loan obligations of borrowers employed as full-time teachers of science, technology, engineering, or mathematics (STEM) in elementary or secondary schools in which the number of low-income children exceeds a certain percentage. Portions of the student loan debt, including interest, will be forgiven on the basis of years of service, with 100% forgiven for five years of teacher service. The bill amends the Internal Revenue Code to allow: (1) an increased tax deduction for expenses by elementary and secondary school teachers for STEM education supplies; (2) a tax credit for the employment of STEM interns; and (3) a tax credit for employment of individuals who participated in an apprenticeship program in a STEM field, with the amount determined according to the degree of completion of a program. Beginning with FY2016, an institution of higher education must use at least 7% of federal work-study funds granted under HEA to compensate students employed in STEM fields.

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Timeline

1. 29 April 2015

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 29 April 2015

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 29 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

4. 29 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

5. 16 November 2015

   Referred

   Referred to the Subcommittee on Higher Education and Workforce Training.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 29 April 2015 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 April 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 April 2015

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 29 April 2015

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  Vertaal document

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Sponsors

• Rep. Swalwell, Eric [D-CA-15] · D · Sponsor
• Rep. Titus, Dina [D-NV-1] · D · Cosponsor
• Rep. Ruiz, Raul [D-CA-25] · D · Cosponsor
• Sen. Gallego, Ruben [D-AZ] · D · Cosponsor
• Rep. Veasey, Marc A. [D-TX-33] · D · Cosponsor
• Rep. Fudge, Marcia L. [D-OH-11] · D · Cosponsor
• Rep. Kirkpatrick, Ann [D-AZ-2] · D · Cosponsor
• Rep. Dingell, Debbie [D-MI-6] · D · Cosponsor
• Rep. Eshoo, Anna G. [D-CA-18] · D · Cosponsor
• Rep. McNerney, Jerry [D-CA-9] · D · Cosponsor
• Rep. Honda, Michael M. [D-CA-15] · D · Cosponsor
• Rep. Lawrence, Brenda L. [D-MI-14] · D · Cosponsor
• Rep. Conyers, John, Jr. [D-MI-13] · D · Cosponsor
• Rep. Rangel, Charles B. [D-NY-15] · D · Cosponsor
• Rep. Reed, Tom [R-NY-23] · R · Cosponsor
• · hsed00 · Standing
• · hswm00 · Standing

Related records

• related to → STEM K to Career Act