Establishes "Succeed in New Jersey" student loan reimbursement program for certain New Jersey residents employed in designated fields.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill establishes the "Succeed in New Jersey" student loan reimbursement program, aiming to alleviate student loan debt for New Jersey residents employed in designated fields. The program, administered by the Higher Education Student Assistance Authority, would provide loan reimbursement awards to eligible graduates who meet specific criteria, including residency, employment in a designated field, and income limitations. The Department of Labor and Workforce Development will identify eligible fields, and the program will operate for a maximum of three years, requiring ongoing verification from participants.
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