Establishes Volunteer Emergency Responder Loan Redemption Program in Higher Education Student Assistance Authority.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill creates a program within the Higher Education Student Assistance Authority to help volunteer emergency responders in New Jersey redeem student loans. To qualify, individuals must be current volunteers for a higher education institution, have completed a degree or certificate program, and meet specific criteria outlined in the legislation. The program would provide loan redemption assistance based on years of continued volunteer service, with a maximum redemption amount of $16,000 or the outstanding loan balance, whichever is lower.
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