Provides tax credits to companies contributing to loan and loan redemption program for residents who attend institutions of higher education in State and work at such company upon graduation.

This bill creates a program where New Jersey-based companies can receive tax credits for contributing to a student loan fund. Companies that contribute at least $10,000 qualify for a 50% tax credit upfront, plus an additional 50% over four years if graduates work for them after earning a degree. Students attending New Jersey colleges who receive loans through this program can have their debt partially forgiven if they work full-time for a participating company for up to four years. The program aims to retain college graduates in New Jersey by linking employer contributions to student loan repayment.