[Oasfaa] State Legislative Update - HB 3564 - Teacher Ed Scholarship and Employment Incentive

[Fair, Bryce]

HB 3564 is another financial aid-related bill to watch closely this session.  The bill passed the House floor yesterday.  The would create a scholarship program for teacher education students in college and expand a current teacher employment incentive program.  The bill would authorize scholarships of up to $1,000 each year for the first 3 years of college, $2,500 for the 4th year, and up to $4,000 per year for the first 5 years of teaching (up to a total of $20,000).   The title on the bill is "stricken" (which means the bill would have to come back to the House for another vote if the Senate passes it). The bill has a large estimated cost.  Below are links to the current bill text and a bill summary/fiscal estimate prepared by legislative staff.
Bill text:  http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20FLR/HFLR/HB3564%20HFLR.PDF
Bill Summary/Fiscal Estimate: http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB3564%20CS%20BILLSUM.PDF

Bryce Fair
Associate Vice Chancellor for Scholarships & Grants
Oklahoma State Regents for Higher Education
Phone: 405-225-9162
Email: bfair at osrhe.edu<mailto:bfair at osrhe.edu>

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