Provides supplemental appropriation of $20 million for loan redemption program and tuition reimbursement program for certain teachers of science, technology, engineering, and mathematics.
This bill provides $20 million in supplemental funding for New Jersey's STEM Teachers Loan Redemption and Tuition Reimbursement Programs. It directly affects new STEM teachers (science, technology, engineering, mathematics) who are graduating from educator preparation programs or completing STEM graduate studies in 2021-2022 and are hired as novice teachers in New Jersey public schools. Participants receive an upfront lump-sum payment covering up to 25% of eligible student loan or tuition costs (capped at $20,000) in exchange for a legally binding commitment to teach STEM for four consecutive school years. Failure to complete the four-year service period requires repayment of the benefit as a loan.
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 Senate, Referred to Senate Education Committee
upper
2 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Jim Beach
DDemocratic
P
Teresa Ruiz
DDemocratic
Co
Shirley Turner
DDemocratic
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