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Financial Aid for Early Childhood Educators: Loan Repayment and Study Grants.

This law establishes two financial aid programs aimed at strengthening the early childhood education workforce. It offers loan repayment assistance for current educators and grants for students pursuing relevant degrees, encouraging more qualified individuals to enter and remain in the field. This aims to improve the stability and availability of licensed childcare services for families.
Key points
Loan Repayment: Early childhood educators can receive up to $6,000 annually toward student loan repayment in exchange for committing to 5 years of service at a qualified childcare provider.
Study Grants: Students pursuing early childhood education degrees or certificates can apply for grants up to $4,000 per academic year.
Service Obligation: Grant recipients must agree to work in a licensed early learning program after graduation; failure to meet this obligation requires repayment of the grant amount as an interest-free loan.
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Additional Information
Print number: 118_HR_9810
Sponsor: Rep. Clark, Katherine M. [D-MA-5]
Process start date: 2024-09-25