AB 847

This bill creates a program of child care worker loan repayment assistance to

be administered by the Higher Educational Aids Board (HEAB). Under the program,

HEAB reimburses a child care worker for 10 percent of the outstanding principal

amount of the child care worker's student loans or $1,000, whichever is less, after the

child care worker has been continuously employed full time in this state for at least

12 months as a child care worker and after each additional 12-month period of such

continuous full-time employment, subject to a maximum of five assistance

payments, if all of the following apply:

1. The child care worker graduated on or after May 1, 2009, with a degree in

an area relating to early childhood education.

2. The child care worker is currently repaying a student loan and is not in

default on repayment of the loan.

3. The child care worker has submitted to HEAB a statement by the lender

certifying the outstanding principal amount of the student loan and that the child

care worker is not in default on repayment of the loan.