Bill Description: Senate Bill 1117 creates a new program to spend up to $1 million in increased funding each year to pay private student loans accrued by public school educators, in the amount of $1,000 or more, for up to four years.
Does it create, expand or enlarge any agency, board, program, function or activity of government? Conversely, does it eliminate or curtail the size or scope of government?
Senate Bill 1117 creates a new program to use tax dollars to pay for student loan debt accrued by public school educators. The program is open to any state certified public school teacher who has education debt of $1,000 or more. Recipients of this program will receive $1,500 for the first year, $2,500 for the second year, $3,500 for the third year, and $4,500 for the fourth year, with an option for the State Board of Education to extend payments to an individual for additional years.
Does it increase government redistribution of wealth?
Senate Bill 1117 requires taxpayers to pay the debt for an educational loan they did not agree to pay for. This bill requires taxpayers to bear even more of the cost of education, further socializing the costs of universities while fostering tuition inflation and demand for empty credentials.
Does it increase government spending (for objectionable purposes) or debt? Conversely, does it decrease government spending or debt?
This bill increases spending in the general fund by $1 million per year and requires $50,000 or more of staffing costs for the State Board of Education to administer the program.
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