As used in the Teacher Loan Repayment Act:

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A. “department” means the higher education department;

B. “designated high-need teacher positions” means teacher positions in specific public schools that are:

(1)     for teachers who are endorsed and teach bilingual education;

(2)     for teachers who are endorsed and teach early childhood education or special education;

(3)     for teachers who are endorsed and teach science, technology, engineering, mathematics or career technical education courses; or

(4)     for teachers who are minorities; and

(5)     in a public school that is low-performing or serves a high percentage of economically disadvantaged students; and

C. “loan” means a grant of money to defray the costs incidental to a teacher education, under a contract between the federal government and a teacher, requiring repayment of principal and interest.