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| Background | Performance Reporting | Interest Rates |
Background
Under the Paul Douglas Teacher Scholarship Program, the Department of Education issued grants to the states to provide scholarships to outstanding secondary school graduates who demonstrated an interest in teaching careers at the pre-school, elementary, or secondary level. The repealed program regulations allowed the Department to require any reports deemed necessary to make certain that the functions of the Paul Douglas Program were carried out. Section 80.40(b)(1) of the Education Department General Administrative Regulations (EDGAR) states that "...grantees shall submit annual performance reports...". The information collection in this performance ensures that state education agencies are monitoring the fulfillment of the scholarship obligations by former Douglas scholars in accordance with legislation and regulations that governed the Paul Douglas Teacher Scholarship Program when the scholarships were granted.
Reporting Requirements
The Paul Douglas Teacher Scholarship Program was authorized under Title V Part C, Subpart 1 of the Higher Education Act of 1965, as amended (20 U.S.C. 1104 through 1104K) and administered under 34 CFR Part 653. Both the program statute and regulations have long since been repealed.
However, the repealed program regulations allowed the Department to require any reports deemed necessary to make certain that the functions of the Paul Douglas Program were carried out. Section 80.40(b)(1) of the Education Department General Administrative Regulations (EDGAR) states that "...grantees shall submit annual performance reports...".
Therefore, each of the former participating state education agencies must provide information on the annual performance report to demonstrate compliance with the program's statutory and regulatory requirements applicable at the time the funds were disbursed.
Copies of the Paul Douglas Teacher Scholarship performance report and instructions are found via the links below.
Paul Douglas Performance Report
MS Excel (30K) | PDF (29K)Paul Douglas Performance Report Instructions
MS Word (294K) | PDF (46K)
Interest Rates
The interest charged for the Paul Douglas Teacher Scholarship Program is calculated annually for the twelve-month period extending from July 1 of each year through June 30 of the subsequent year and is set at a rate that is the greater of the following rates established pursuant to section 427A of the Higher Education Act (HEA) for the same twelve-month period:
- The rate charged to new borrowers under the Robert T. Stafford Federal Student Loan Program (Title IV, Part B of the HEA).
- The rate charged to new borrowers under the Federal Supplemental Loans for Students and Federal PLUS Programs (sections 428A and 428B of the HEA respectively) as published annually in the Federal Register.
Interest Rates for the Paul Douglas Teacher Scholarship Program 2008-2009
Downloadable version of this table:
MS Excel (21K)
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