Establishes Loan Redemption Program for Teachers of Agriculture in Higher Education Student Assistance Authority.
This bill (A573) creates a Loan Redemption Program for agricultural education teachers through New Jersey's Higher Education Student Assistance Authority (HESAA). It provides up to $10,000 annually in loan repayment assistance (capped at $50,000 total) for certified New Jersey agriculture teachers who commit to five years of full-time employment in approved high school programs. To qualify, applicants must be NJ residents, hold a relevant teaching endorsement, have recent college degrees in approved programs, and carry eligible student loans without default. The program limits participants to ten per year and requires a written service contract with HESAA.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
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Full legislative history
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Total actions
1
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0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Higher Education Committee
lower
2 primary · 0 co-sponsors
Sponsors
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