Establishes loan redemption program for certified veterinarians employed as large animal veterinarians in New Jersey.
This bill creates a program to help New Jersey veterinarians with student loan debt by redeeming a portion of their loans for each year they work in large animal veterinary medicine in designated underserved areas. To qualify, participants must be New Jersey residents, graduates of an approved veterinary school, and agree to work in a state-designated underserved area for five years (receiving 20% of eligible loan debt redeemed annually, totaling 100% after five years). The Higher Education Student Assistance Authority will administer the program, covering principal and interest on loans used for veterinary education, with participants required to provide annual proof of employment in an underserved area. This directly affects veterinarians seeking relief from student debt while addressing shortages in rural animal health services.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
Governor
Introduced Jun 3, 2024
Last action Jun 3, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jun 3, 2024
Introduced
Introduced in the Senate, Referred to Senate Higher Education Committee
upper
2 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Brian Stack
DDemocratic
P
Latham Tiver
RRepublican
Co
Owen Henry
RRepublican
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