Low-Income and Rural School Program

Low-Income and Rural School Program - Establishes a Low-Income and Rural School Program. Directs the Secretary of Education to award formula grants to State educational agencies to make competitive or formula subgrants to certain rural and low-income local educational agencies (LEAs). Authorizes the Secretary to make direct competitive grants to specially qualified LEAs in nonparticipating States. Reserves a portion of program funds for schools operated or supported by the Bureau of Indian Affairs. Requires LEAs or schools to use program grant funds for: (1) teacher recruitment and retention, including signing bonuses and other financial incentives; (2) professional development, including training for special needs teachers and in technology use; (3) educational technology, including software and hardware; or (4) academic enrichment programs.