Creates the Rhode Island Student Loan repayment program which would allow eligible individuals who have unpaid student loans, provided said individuals meet specified criteria.
Impact
A core element of the bill includes providing direct financial assistance to employers on behalf of eligible employees, limiting monthly payments to a maximum of $500 and total assistance not exceeding the outstanding balance of the loans. This funding would not only benefit professionals directly by alleviating their financial strains but also potentially enhance the quality of community services by retaining qualified professionals within the state’s education system.
Summary
Bill S0676 proposes the establishment of the Rhode Island Student Loan Repayment Program aimed at assisting individuals with student loan debts who are employed as licensed clinical social workers or child protective investigators at public elementary or secondary schools in the state. This initiative has been introduced by several senators and seeks a financial commitment of $10,000,000 to fund the program. The law aims to reduce student loan burdens on professionals who contribute significantly to public education and social services, thereby encouraging them to work in states' underserved areas and schools.
Contention
Notable points of contention include the eligibility criteria and the allocation of funds. The program is designed to prioritize individuals serving in underserved communities, raising concerns among some who fear it may disadvantage equally qualified professionals in more affluent areas. Additionally, as the program relies on a finite budget, there are apprehensions regarding how funds will be allocated, especially in years when demands exceed availability, prompting questions about the fairness of the selection process and potential implications for those who may not receive assistance.
Requires transition planning for high school students with disabilities, who have a "504" plan, like the transition planning required for high school students with disabilities, who have an individualized education program (IEP).
Extends the time for which a student may enroll in the community college of Rhode Island Promise Scholarship program to one year after the student's high school graduation.
Provides amendments to the Rhode Island Works Program regarding eligibility and cash assistance, and repeals the termination of benefits to a family because of failure of a family member to enter into or comply with an individual employment plan.