This bill directs the Secretary of Education to establish a grant program aimed at improving teacher recruitment and retention in rural schools. Under this program, the Secretary will award grants to states, which will then distribute subgrants to eligible local educational agencies or educational service agencies. These subgrants are specifically for providing signing and retention bonuses to teachers who commit to working in rural schools for a period of three school years. Each eligible teacher would receive a bonus of $5,000 annually for each year of their three-year commitment. The program also encourages eligible entities to prioritize the recruitment and hiring of "homegrown" teachers who previously resided in the community. Furthermore, states and eligible entities are encouraged to form partnerships with institutions of higher education to inform teacher preparation students about these incentives and encourage them to seek positions in rural schools. The bill authorizes an appropriation of $500,000,000 for each of fiscal years 2027 through 2030 to fund this initiative.