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HR 5962 115th Congress House Education Education of the disadvantaged Education programs funding Elementary and secondary education Employment and training programs Higher education Income tax credits Income tax deductions Science and engineering education Student aid and college costs Teaching, teachers, curricula

STEM K to Career Act

Introduced: May 24, 2018 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 19, 2018
Referred to the Subcommittee on Higher Education and Workforce Development.
May 24, 2018
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 24, 2018
Introduced in House
 Plain-English summary Congressional Research Service

STEM K to Career Act

This bill amends the Higher Education Act of 1965 (HEA) to require the Department of Education to forgive student loan obligations of borrowers employed as full-time teachers of science, technology, engineering, or mathematics (STEM) in elementary or secondary schools in which the number of low-income children exceeds a certain percentage.

Portions of the student loan debt, including interest, shall be forgiven on the basis of years of service, with 100% forgiven for five years of teacher service.

The bill amends the Internal Revenue Code to allow: (1) an increased tax deduction for expenses by elementary and secondary school teachers for STEM education supplies; (2) a tax credit for the employment of STEM interns; and (3) a tax credit for employment of individuals who participated in an apprenticeship program in a STEM field, with the amount determined according to the degree of completion of a program.

Beginning with FY2019, an institution of higher education must use at least 7% of federal work-study funds granted under the HEA to compensate students employed in STEM fields.

What's happening now October 19, 2018

Referred to the Subcommittee on Higher Education and Workforce Development.

 Committees of jurisdiction 3
 Cosponsors 3
All 3 Democratic 3