Precollege Mathematics and Science Teacher Assistance Act

[AI summary unavailable — showing source text] Precollege Mathematics and Science Teacher Assistance Act - Amends the Higher Education Act of 1965 to establish a program of direct loans to students in institutions of higher education who are preparing to be precollege mathematics and science teachers. Directs the Secretary of Education to carry out a program of establishing and maintaining funds at institutions of higher education for making low-interest loans to students who: (1) pursue baccalaureate degree courses of study in mathematics and/or science and (2) intend to enter the precollege mathematics and science teaching profession. Authorizes appropriations for FY 1984 through FY 1988 to carry out such program. Authorizes additional appropriations for FY 1988 through FY 1993 to enable students who have received loans for academic years ending prior to October 1, 1988, to continue or complete courses of study. Directs the Secretary to make payments to institutions of higher education on the basis of the estimated needs of such institutions for making such student loans. Sets forth conditions for such payments and for the agreements with the Secretary which such institutions must make in order to receive such payments. Sets …