14.__Undergraduate.__"Undergraduate" means an individual who has not been awarded any baccalaureate degree and who is currently enrolled or accepted for enrollment as a full-time student at an institution of higher education, including a graduating high school senior.

15.__Underserved subject areas.__"Underserved subject areas" means those subjects or programs, required or authorized to be taught in the public schools, for which there is an insufficient supply of teachers or speech pathologists as determined by the chief executive officer in consultation with the commissioner.

Sec. 3. 20-A MRSA §12502, as repealed and replaced by PL 1999, c. 783, §3, is amended to read:

§12502. Educators for Maine Program

There is established the Educators for Maine Program to provide financial assistance for postsecondary education to college undergraduate students, graduating high school seniors and students pursuing postbaccalaureate certification, child development associate certification or an associate's degree in child development who demonstrate academic achievement and an interest in pursuing a career in teaching, speech pathology or child care in this State for postsecondary education and to teachers and speech pathologists for advanced-degree or continued study. The program recognizes outstanding graduating high school seniors, college students and students pursuing postbaccalaureate certification or child development associate certification or an associate's degree in child development. The chief executive officer shall administer the program and shall establish by rule pursuant to rules of the authority the rates of interest or fees to be charged.

Sec. 4. 20-A MRSA §12503, as amended by PL 1999, c. 441, §7, is further amended to read:

§12503. Educators for Maine loan recipients

Each year graduating high school seniors, college students undergraduates and students pursuing postbaccalaureate certification who show evidence of academic achievement may be considered for recognition as Educators for Maine loan recipients. Applications must be submitted to the chief