(1) Any educator required to complete one (1) academic course or one (1) professional education course focusing on methodology or teaching skills as part of the license renewal process shall be eligible for tuition reimbursement for course work taken at a state-supported or a private college or university at a rate not to exceed the maximum rate that would be charged for that course work, or similar course work, at a state-supported college or university, upon successful completion of the course work and submission of a transcript to the department of education.
(2) For purposes of this section, “educator” means any teacher, principal, supervisor or other individual required by law to hold a valid license of qualification for employment in the public schools of this state.