HIGHR ED-STUDENT TEACH STIPEND

Amends the Board of Higher Education Act. Provides that, subject to appropriation, the Board of Higher Education shall create a student teaching stipend program to alleviate the financial burden of student teaching and to encourage students to pursue teaching careers to alleviate this State's teacher shortage. Provides that to participate in the stipend program, an eligible student must be placed as a student teacher no later than June 1, 2025 or no later than June 1 each year thereafter. Provides that an educator preparation program shall notify the Board of all eligible students who qualify for the stipend program by July 1, 2025 and no later than July 1 each year thereafter and all eligible students shall be participants in the stipend program. Provides that no later than August 1, 2025 and no later than August 1 each year thereafter, subject to available appropriations, the Board shall disburse to each educator preparation program funds to distribute to each eligible student a stipend of up to $10,000 per semester for up to 2 consecutive semesters, plus additional funds to pay the direct costs of operating the stipend program. Provides that the educator preparation program shall distribute stipend funds using the standard methods for allocating State-based financial aid or as wages for employment to each eligible student in monthly installments. Sets forth additional provisions concerning the distribution of funds. Provides for rulemaking.