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Bill 882

                    Current Status

Bill Number:                      882
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20020116
Primary Sponsor:                  Reese
All Sponsors:                     Reese
Drafted Document Number:          l:\council\bills\gjk\20858sd02.doc
Residing Body:                    Senate
Current Committee:                Education Committee 04 SED
Subject:                          Stafford loan may be converted to teacher 
                                  loan if certified teacher teaches in critical 
                                  need area


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20020116  Introduced, read first time,           04 SED
                  referred to Committee


              Versions of This Bill

TO AMEND SECTION 59-26-20, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO VARIOUS POWERS AND DUTIES OF THE STATE BOARD OF EDUCATION IN CONJUNCTION WITH THE COMMISSION ON HIGHER EDUCATION, INCLUDING THE ADMINISTRATION OF TEACHER LOAN PROGRAMS, SO AS TO PROVIDE THAT ANY CERTIFIED TEACHER IN THIS STATE WHO TEACHES IN A CRITICAL NEED AREA AND WHO INCURRED A STAFFORD LOAN WHILE AN UNDERGRADUATE STUDENT BUT DID NOT RECEIVE A LOAN UNDER THESE PROGRAMS MAY APPLY TO THE COMMISSION ON HIGHER EDUCATION FOR A CONVERSION OF THE STAFFORD LOAN TO A LOAN UNDER THESE PROGRAMS, AND TO PROVIDE FOR THE MANNER IN WHICH THESE CONVERSIONS SHALL BE ACCOMPLISHED.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1. Section 59-26-20 of the 1976 Code, as last amended by Act 393 of 2000, is further amended by adding a new item at the end to read:

"(o) any certified teacher in this State teaching in a geographic critical need area or in a critical need subject area who incurred a Stafford loan while an undergraduate student in this State but who did not receive a teacher loan under this section may apply to the Commission on Higher Education for a conversion of the Stafford loan to a teacher loan under this section. If the commission approves the application, it shall advance the necessary funds under a teacher loan program in this section to pay off the Stafford loan and that teacher is then permitted to cancel the new loan through teaching in critical need areas in the manner permitted in this section."

SECTION 2. This act takes effect upon approval by the Governor.

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