Establishes a loan redemption program for certain New York public school teachers.

The bill establishes the New York state loan redemption program for certain public school teachers. Eligible teachers must have graduated in the top 20% of their high school class, scored in the top 20% on the SAT or ACT, graduated from an institution of higher education with a GPA of at least 3.5, and teach STEM or special education classes. The program redeems up to $9,000 or the outstanding balance of eligible student loan expenses after three consecutive years of full-time teaching in a public school.

Establishes a loan redemption program for certain New York public school teachers.

The bill establishes the New York state loan redemption program for certain public school teachers. Eligible teachers must have graduated in the top 20% of their high school class, scored in the top 20% on the SAT or ACT, graduated from an institution of higher education with a GPA of at least 3.5, and teach STEM or special education classes. The program redeems up to $9,000 or the outstanding balance of eligible student loan expenses after three consecutive years of full-time teaching in a public school.