Provides that an applicant for a transition to teaching scholarship after June 30, 2024, must be a member of a household with an annual income of $100,000 or less. Provides that any balance in the next generation Hoosier educators scholarship fund remaining after the award of next generation Hoosier educators scholarships for a fiscal year may be used to fund additional transition to teaching scholarships. Removes a provision concerning the reduction of scholarships if certain limits are exceeded.