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Administration proposes $150 million Prop. 98 loan-repayment program for educators in priority schools
Summary
The governor’s budget desk proposed $150 million in Proposition 98 funding to pay up to $20,000 of educational loan debt for credentialed educators who serve in priority schools, disbursed as $5,000 per year for up to four years.
Sacramento — The governor’s budget proposal includes $150 million in Proposition 98 funding to launch a new loan-repayment program aimed at recruiting and retaining credentialed educators — including teachers and pupil services staff — who serve in priority schools.
Department of Finance analyst Jody Lieberman told the Assembly Budget Subcommittee No. 3 that the proposal would prioritize educators with unresolved educational debt who hold a preliminary or clear teaching or pupil services credential and who serve in a priority school or California State Preschool Program administered by a local educational agency.
Program design and eligibility: Under the administration’s proposal, eligible educators could receive up to $20,000 in loan repayment (disbursed at…
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