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STRIVE Act

Introduced: June 13, 2019 Introduced by: Booker, Cory A. Democratic · New Jersey See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 13, 2019
Read twice and referred to the Committee on Finance.
Jun 13, 2019
Introduced in Senate
 Plain-English summary Congressional Research Service

Supporting the Teaching profession through Revitalizing Investments in Valuable Educators Act or the STRIVE Act

This bill provides qualifying teachers with a new, incremental loan-cancellation program.

Specifically, with respect to a 12-month period, the Department of Education (ED) must cancel a specified portion of a borrower's qualifying Federal Direct Loan program loans if the borrower (1) has made 12 consecutive on-time monthly payments, (2) is employed in a qualifying teaching position at the time of such cancellation, and (3) was employed in a qualifying teaching position during the period in which the borrower made the 12 payments. After a borrower has received such partial loan cancellation for a specified number of years, ED must cancel the borrower's eligible loans in full.  

The bill also

  • increases and extends funding for teacher training;
  • establishes grants for mentoring and professional development;
  • makes changes to the Teacher Education Assistance for College and Higher Education grant program, including by making early childhood teachers eligible for such grants;
  • requires ED to award grants to institutions of higher education to subsidize teacher certification and licensing fees for low-income individuals who have accepted a teaching position;
  • expands the Teacher Quality Partnership grant program to include early childhood educators; and
  • expands the centers for excellence grant program to include early childhood educators and school leaders.
What's happening now June 13, 2019

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1