S 3434
Requires Higher Education Student Assistance Authority to issue vouchers in amount of monthly loan repayment amount for loan borrowers who have child enrolled in Grow NJ Kids-rated child care program.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill creates a new program within the Higher Education Student Assistance Authority to provide loan repayment vouchers to New Jersey residents with children enrolled in Grow NJ Kids-rated child care programs. Eligible borrowers will receive a voucher equal to their monthly loan principal repayment amount. The program aims to support families with childcare costs and encourage participation in high-quality early learning programs. The state will need to appropriate funds to cover the voucher amounts.
Sponsors
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Primary sponsor
James Beach
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