Increases the annual scholarship amount that the commission for higher education (commission) may award under the next generation Hoosier educators scholarship program from $7,500 to $10,000. Removes limits on the number of next generation Hoosier educators scholarships that may be awarded. Establishes the next generation Hoosier minority educators scholarship program and fund. Provides that the commission may award a next generation Hoosier minority educators scholarship to an eligible applicant in an amount of $10,000 each academic year for not more than four academic years. Establishes criteria an applicant must meet and terms an applicant must agree to in order to receive a next generation Hoosier minority educators scholarship. Increases the annual scholarship amount that an Earline S. Rogers student teaching scholarship for minority students recipient may receive from $4,000 to $5,000.