SECTION II - CASH INCENTIVE BENEFITS
To the extent legislatively appropriated funding is available, the following shall be awarded to eligible participants:
One thousand dollars ($1,000) per academic year for up to three (3) academic years for full-time students who have earned less than 90 credit hours.
Two thousand five hundred dollars ($2,500) for the final academic year for full-time students who have earned 90 or more credit hours.
NOTE: Participants who are enrolled in fewer than 12 credit hours, who have completed their student teaching internship and are approved to take less than 12 credit hours to complete their degree prior to certification, or students with an approved accommodation on file with the institution's disability services office shall be considered full-time for the purposes of this program, and eligible for an award.
Benefit to program participates who are employed as traditionally prepared and certified teachings in an Oklahoma public PK-12 school following graduation:
Upon graduation from an accredited Oklahoma teacher preparation degree program and certification to teach in Oklahoma, incentive payments may be awarded following each consecutive year of satisfactory services as documented by the employing school district for up to five (5) years of service to Inspired to Teach program.
The maximum amount of employment incentive payments for any qualified participant shall be $4,000 per year for up to five (5) years, not to exceed a total of $20,000 per participant.
If sufficient funds are not available for employment incentive payment to qualified participants during any fiscal year, reductions may be made in the payments to qualified participants.