Education matters.

Defines "teacher" for the next generation Hoosier educators and next generation Hoosier minority educators scholarship programs and funds. Provides that an applicant may meet certain scholarship qualifications by being employed as a full-time teacher or full-time school counselor for five years. Increases the amount of the tax credit allowed to individuals for contributions to a postsecondary educational institution or related foundation in Indiana from $100 to $200 in the case of a single return and from $200 to $400 in the case of a joint return.