H.R.3099: STEM K to Career Act

Overview

The STEM K to Career Act (H.R. 3099) would amend the Higher Education Act 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 more than 30% of the students come from families that fall below the poverty line. The bill would forgive a portion of the student loan debt, including interest, incrementally each year with 100% forgiven for five years of teaching service.

The bill also would amend the Internal Revenue Code to 1) begin adjusting for inflation the $250 educator expenses deduction; 2) provide a $2,000 tax credit for the employment of each STEM intern; 3) provide a tax credit for employment for each who participating apprentices in a STEM field, with the amount determined according to the degree of completion of a program. The bill would require an institution of higher education to use at least 7% of federal work-study funds granted under the HEA to compensate students employed in STEM fields.

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Our Stance

Watching

Priority

Medium

Bill Number

H.R.3099

Date Introduced

June 04, 2019

Committee

House Education and Labor Committee

Bill Status

Introduced or Prefiled