National Teacher Act of 1989

[AI summary unavailable — showing source text] National Teacher Act of 1989 - Title I: Loan Forgiveness for Teachers - Directs the Secretary of Education (the Secretary) to assume the obligation to repay specified portions of a Stafford loan (a student loan made, insured, or guaranteed under specified provisions of the Higher Education Act of 1965) for any borrower employed as a full-time teacher in a public or nonprofit private elementary or secondary school which is: (1) in the school district of a local educational agency eligible for assistance under chapter 1 of the Education Consolidation and Improvement Act of 1981; and (2) determined to have more than 30 percent of its enrollment made up of children who are counted under specified provisions of the Elementary and Secondary Education Act of 1965. Limits the number of schools which may be involved. Provides for cancellation of increasing portions of such student loans for a one to five-year period of such teaching service. Provides also for forgiveness of portions of student loans for borrowers who return to higher education after graduation to obtain a teaching certificate. Provides for repayment of such specified portions of principal and interest by the Secretary to th…