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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
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
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