HB 504 - Quality educator loan assistance program

HB 504 - Quality educator loan assistance program

by
Phil Haunschild
February 12, 2018
Phil Haunschild
February 12, 2018

Bill description: HB 504 would create a student loan repayment program for educators in rural districts with a teacher shortage.

Rating: -2

Does it increase government redistribution of wealth? Conversely, does it decrease government redistribution of wealth? 


HB 504 would establish a new program providing funding to educators to assist with repaying their student loans; the program would apply only to educators in low-income, rural school districts with a teacher shortage. The program would provide teachers up to $3,000 per year, for up to four years.

This bill favors isolated rural school districts with teacher shortages in low-income districts at the expense of other urban districts, those without teacher shortages, and those not in low-income communities.  (-1)

Does it increase government spending (for objectionable purposes) or debt? Conversely, does it decrease government spending or debt? 


This new program would cost state taxpayers $1,550,000 annually to implement. The program is capped at 500 participants each year, and with $3,000 for each individual, the money distributed to educators would be $1,500,000 per year. Additionally, the Fiscal Note for HB 504 estimates that $50,000 would be needed annually to administer the program.

(-1)

Idaho Freedom Foundation
802 W. Bannock Street, Suite 405, Boise, Idaho 83702
p 208.258.2280 | e [email protected]
COPYRIGHT © 2021 Idaho freedom Foundation
magnifiercrossmenucross-circle
>
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram