Purpose
Senate Bill 12 would create a loan assumption program to provide financial assistance to newly
hired teachers who agree to teach in the Alaska public elementary and secondary schools for up
to five years.

Background
As a shortage of qualified teachers in the public elementary and secondary schools exist in this
state and as competition is increasing among other states for qualified teachers, the necessity for
teacher incentive and recruitment program becomes crucial.

States throughout the country already have incentive based systems in place.

Solution
In acquiring newly hired elementary and secondary teachers, individual eligible education loans
may be assumed by the state up to a total of 10,000 dollars per new employee.