Postsecondary education: Assumption Program of Loans for Education.

Existing law establishes the Assumption Program of Loans for Education, administered by the Student Aid Commission, under which any person enrolled in a participating institution of postsecondary education, or any person who agrees to participate in a teacher trainee or teacher internship program, is eligible to enter into an agreement for loan assumption, to be redeemed pursuant to a prescribed procedure upon becoming employed as a teacher at an eligible school if he or she satisfies certain conditions. Existing law defines an "eligible school" for these purposes as a school that has one of 4 characteristics. This bill would add to that list of characteristics a school that meets criteria as determined by the Commission on Teacher Credentialing, thereby making such schools eligible.