Math and Science Incentive Act of 2005

The Math and Science Incentive Act of 2005 proposes a federal program to help pay off student loan debt for professionals in technical fields. Under this bill, the Secretary of Education would pay up to $10,000 in interest on eligible student loans for individuals who commit to working for five years as math, science, or engineering professionals, or as teachers of those subjects in elementary and secondary schools.

For citizens, this legislation aims to reduce the financial burden of higher education for those entering high-demand STEM (science, technology, engineering, and mathematics) careers. Participants would be selected based on their academic or professional records, with a focus on filling roles that support national security and economic growth.