AN ACT TO AMEND TITLES 14, 16, 29, AND 30 OF THE DELAWARE CODE RELATING TO FINANCIAL ASSISTANCE FOR EDUCATION.

This Act amends the Delaware Code relating to financial assistance for education in order to promote and support the state’s high demand career fields and reduce student debt for Delaware residents. The Act clarifies the Delaware Higher Education Office’s role in administering programs. Professional incentive scholarship loan programs will generally be replaced with the career-based scholarship program and the educator support scholarship and mental health services scholarship programs will be established. In addition, a loan repayment program is created for speech-language pathology and mental health professions to attract and retain these professionals in Delaware schools. Career-based and educator support scholarships will be made to Delaware students who intend to pursue careers in specific fields identified as areas of need in Delaware. Academic scholarships will be awarded to Delaware students in memory of elected officials and other distinguished citizens. Need-based scholarships will be awarded to Delaware students so that they will not be denied the opportunity of an education because of financial need. The Act also clarifies the programs that are not administered by the Delaware Higher Education Office.  The Education Endowment Fund and the Michael C. Ferguson Achievement Awards will be repealed because they are no longer funded.  The Delaware College Investment Plan has been renamed the DE529 Education Savings Plan, and conforming changes are made to other parts of the Code.  The Ivyane D. F. Davis Memorial Scholarship program is updated.