Teacher Recruitment Act of 2007

Summary

Teacher Recruitment Act of 2007 - Amends the Higher Education Act of 1965 (HEA) to establish new programs for teacher student loan forgiveness under the guaranteed loan program and the direct loan program. Makes eligible for such student loan forgiveness any new borrower on or after October 1, 1998, who is: (1) employed as a full-time teacher in a public elementary or secondary school in an economically disadvantaged or depressed and underserved rural area; (2) state-certified or state-licensed to teach, and in compliance with state or local accountability standards; and (3) not in default on the loan. Directs the Secretary to establish a formula that ensures fairness and equality for applicants in the selection of borrowers for such loan repayment under this section, based on the amount available. Limits the portion of the outstanding loan obligation which the Secretary may repay to 15% for the first or second year of such service, 20% for the third or fourth year, and 30% for the fifth year.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 January 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 January 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 4 January 2007

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.