In administering educator conditional scholarship and loan repayment programs under this chapter, the student achievement council shall have the following powers and duties:
(1) Select persons to receive conditional scholarships or loan repayments;
(2) Adopt necessary rules and guidelines;
(3) Publicize the programs in collaboration with the office of the superintendent of public instruction and the Washington professional educator standards board;
(4) Collect and manage repayments from participants who do not meet their service obligations under this chapter; and
(5) Solicit and accept grants and donations from public and private sources for the programs.