Requires Higher Education Student Assistance Authority to issue vouchers in amount of monthly loan repayment amount for loan borrowers who have child enrolled in Grow NJ Kids-rated child care program.

This bill (A1640) creates a Grow NJ Kids Student Loan Voucher Program through New Jersey's Higher Education Student Assistance Authority. It provides eligible parents with monthly vouchers covering their student loan payments if they have a child enrolled in a Grow NJ Kids-rated child care program (minimum 3-star rating). To qualify, applicants must be New Jersey residents with household income under $150,000 annually, provide proof of their child's enrollment, and apply through the Authority. The state will fund these vouchers through appropriations, and participating child care providers must publicize the program.