Each substitute teacher shall be paid in accordance with the following classification schedule:
Class A. — A substitute teacher who holds or is eligible to hold a valid Delaware educator license or valid educator license from another state; or such a license that has expired shall be paid $116 per day.
Class B. — A substitute teacher who holds a bachelor's degree or is a student currently enrolled in an accredited institution of higher education, who has earned at least 60 credits, and is enrolled in a program that will culminate in the student becoming eligible for a teaching license in the State of Delaware shall be paid $93 per day.
Class C. — A substitute teacher who does not meet the requirements for Class A or Class B classification shall be paid $74 per day.
Any funding provided to district and charter schools by the Department of Education for substitute payments shall be at the rate set forth in this section in addition to current year other employment costs.