SB 18-147

Senate Bill 18-147, now signed into law, updates Colorado's teacher loan forgiveness program by expanding it to include other educators and renaming it the Educator Loan Forgiveness Program. The program repays up to $5,000 of educational loans annually for five years for teachers and educators working in hard-to-fill positions due to location or subject area. Each year, the state education department identifies these shortage areas, and the Colorado Commission on Higher Education selects up to 100 new participants based on specific criteria. This initiative aims to attract more educators to work in critical roles where staffing is紧缺的。该法案现已签署成为法律，它将帮助缓解特定地区和学科领域的教师短缺问题，并减轻符合条件的教育工作者的贷款负担。

Official Summary

The bill makes changes to the teacher loan forgiveness program, renaming it the educator loan forgiveness program (program), and revising the eligibility criteria for the program. The program: Repays up to $5,000 of qualified educational loans for up to 5 years for teachers and other educators employed in qualified positions under the program; and Targets teachers and other educators employed in hard-to-fill positions due to geography or content area. The department of education is required to annually identify the shortage areas that qualify for the program. Subject to available appropriations, the Colorado commission on higher education (commission) shall approve up to 100 new participants in the program each year, and the bill specifies the criteria the commission shall use to prioritize applicants, if necessary. The program includes the educator loan forgiveness fund, and the commission shall adopt policies that ensure that loan repayment is made only on qualified loans for educators in qualified positions. The commission shall prepare an annual report for the general assembly that includes information concerning the shortage areas identified by the department of education and information concerning the program participants. The bill extends the repeal date of the program. (Note: This summary applies to this bill as introduced.) , Read More