A 725 New Jersey General Assembly · 2024-2025 Regular Session

Establishes veterinary medicine loan redemption program for certain veterinarians who work in underserved areas for five years; annually appropriates $500,000.

This bill establishes a Veterinary Medicine Loan Redemption Program to help veterinarians repay student loans in exchange for working in New Jersey's underserved areas. It requires participants to practice full-time for five years at approved sites (within designated underserved areas or within five miles), dedicating at least 75% of their work to large animal care (e.g., cattle, horses, livestock). The program, funded by an annual $500,000 appropriation from the General Fund, reimburses up to $30,000 per year of eligible loan expenses (covering tuition, fees, and interest). It directly affects veterinarians with student debt who commit to serving rural or livestock-focused communities, aiming to address statewide shortages in large animal veterinary care.
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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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Higher Education Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
MT
Mike Torrissi
RRepublican
NJ
8