HB2143: Teach for Virginia Loan Repayment Assistance Fund and Program; established.

Legislative Summary

Department of Education; Teach for Virginia Loan Repayment Assistance Fund and Program established. Establishes the Teach for Virginia Loan Repayment Assistance Fund and Program, to be administered by the Department of Education, for the purpose of recruiting and retaining teachers in communities and subject areas in which they are needed the most by providing on a competitive basis an annual renewable grant of up to $5,000 toward loan repayment assistance to any teacher licensed by the Board of Education who has certain student loan debt, who is currently employed by a local school division in the Commonwealth, and who, for at least one year immediately preceding application, has taught in a public elementary or secondary school in the Commonwealth in a critical shortage area identified by the Superintendent of Public Instruction pursuant to relevant law or in a public elementary or secondary school in the Commonwealth in which the percentage of students eligible for free or reduced price lunch is higher than the statewide average percentage of students eligible for free or reduced price lunch.