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From the latest study on Troops to Teachers that I could find (2005): “Nearly two-thirds (62 percent) of Troops teachers hold a Master’s degree or higher degree; of those, 32 percent hold a master’s degree in a field other than education and 27 percent hold a master’s degree in education. For 37 percent of Troops teachers, their highest degree is a bachelor’s degree; 27 percent have a bachelor’s degree in a field other than
education, and 10 percent have as their highest degree a bachelor’s degree in education.” p. 13 of 52, from http://www.dantes.doded.mil/dantes_web/library/docs/ttt/NCEI_TT_v3.pdf –Cynthia

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SEC. 2302. AUTHORIZATION OF TROOPS-TO-TEACHERS PROGRAM.

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(a) PURPOSE- The purpose of this section is to authorize a mechanism for the funding and administration of the Troops-to-Teachers Program, which was originally established by the Troops-to-Teachers Program Act of 1999 (title XVII of the National Defense Authorization Act for Fiscal Year 2000) (20 U.S.C. 9301 et seq.).

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(b) PROGRAM AUTHORIZED- The Secretary may carry out a program (to be known as the Troops-to-Teachers Program) —

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(1) to assist eligible members of the Armed Forces described in section 2303 to obtain certification or licensing as elementary school teachers, secondary school teachers, or vocational or technical teachers, and to become highly qualified teachers; and

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(2) to facilitate the employment of such members —

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(A) by local educational agencies or public charter schools that the Secretary identifies as —

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(i) receiving grants under part A of title I as a result of having within their jurisdictions concentrations of children from low-income families; or

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(ii) experiencing a shortage of highly qualified teachers, in particular a shortage of science, mathematics, special education, or vocational or technical teachers; and

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(B) in elementary schools or secondary schools, or as vocational or technical teachers.

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(c) ADMINISTRATION OF PROGRAM- The Secretary shall enter into a memorandum of agreement with the Secretary of Defense under which the Secretary of Defense, acting through the Defense Activity for Non-Traditional Education Support of the Department of Defense, will perform the actual administration of the Program, other than section 2306. Using funds appropriated to the Secretary to carry out this chapter, the Secretary shall transfer to the Secretary of Defense such amounts as may be necessary to administer the Program pursuant to the memorandum of agreement.

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(d) INFORMATION REGARDING PROGRAM- The Secretary shall provide to the Secretary of Defense information regarding the Program and applications to participate in the Program, for distribution as part of preseparation counseling provided under section 1142 of title 10, United States Code, to members of the Armed Forces described in section 2303.

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(e) PLACEMENT ASSISTANCE AND REFERRAL SERVICES- The Secretary may, with the agreement of the Secretary of Defense, provide placement assistance and referral services to members of the Armed Forces who meet the criteria described in section 2303, including meeting education qualification requirements under subsection 2303(c)(2). Such members shall not be eligible for financial assistance under subsections (c) and (d) of section 2304.