ERIC Number: ED671162
Record Type: Non-Journal
Publication Date: 2025
Pages: 11
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Available Date: 0000-00-00
Colorado Educator Loan Forgiveness Report. Report to the House and Senate Education Committees. Statute: C.R.S 23-3.9-103
Colorado Department of Higher Education
The Colorado Department of Higher Education (CDHE) and the Colorado Department of Education (CDE) determined that an effective strategy for addressing teacher shortages and filling hard-to-fill positions in remote geographic locations is to offer repayment of educational loans for those who fill these positions. The Loan Forgiveness Program established by Senate Bill 19-003 forgives annually up to $5,000 dollars of an educator's federal student loans every year for up to five years. This report contains information about the Colorado Educator Loan Forgiveness Program, including: (1) The content shortage areas identified by the Colorado Department of Education (CDE); (2) The number of applications received for the 2023-24 cohort, and the number of participants awarded loan forgiveness; (3) The public schools in which the participants are employed; (4) Demographic information for the participants; and (5) The amount of money applied toward loan forgiveness.
Descriptors: State Departments of Education, Student Loan Programs, Teacher Persistence, Teacher Recruitment, Incentives, Teacher Shortage, Loan Repayment, Educational Legislation, Program Effectiveness, Teacher Supply and Demand, Public Schools, Financial Aid Applicants
Colorado Department of Higher Education. 1560 Broadway Suite 1600, Denver, CO 80202. Tel: 303-866-2723; Fax: 303-866-4266; Web site: http://highered.colorado.gov
Publication Type: Reports - Descriptive
Education Level: N/A
Audience: Policymakers
Language: English
Sponsor: N/A
Authoring Institution: Colorado Department of Higher Education (CDHE)
Identifiers - Location: Colorado
Grant or Contract Numbers: N/A
Author Affiliations: N/A