To establish a Teacher Opportunity Corps to enable paraprofessionals working in targeted schools to become certified teachers through part-time and summer study.

[AI summary unavailable — showing source text] Amends the Higher Education Act of 1965 to establish the Teacher Opportunity Corps (TOC) program, to encourage institutions of higher education to offer educational programs and financial assistance to enable paraprofessionals working in shortage area schools serving disadvantaged students to become certified teachers. Directs the Secretary of Education (the Secretary) to allocate TOC program grant funds to States according to the same formula under which States receive chapter 1 funding (i.e. funding for education of disadvantaged children under chapter 1 of title I of the Elementary and Secondary Education Act of 1965). Sets forth a minimum State allotment. Requires TOC grant program agreements to include provisions for administration and recordkeeping by the State education or higher education agency. Authorizes the Secretary to make grants to States to support TOC programs at institutions of higher education. Sets forth State grant application requirements and general criteria for State grants, including: (1) involvement of institutions of higher education and shortage area schools or school districts; (2) full credit of education program courses to a baccalaureate program lead…