Establishes loan redemption program and gross income tax credit for mental health professionals who serve children and adolescents.

This bill proposes a program to help mental health professionals working with children and adolescents in New Jersey reduce student loan debt. Licensed mental health professionals who live in New Jersey, work full-time providing counseling to youth, and have qualifying student loan debt can receive up to $1,000 annually toward their loans (for up to 4 years) or claim a $1,000 tax credit against their state income tax. To qualify, participants must maintain residency, employment in qualifying roles, and provide proof of loan balance and service each year. The program aims to support mental health workforce development by easing financial burdens for professionals serving young people.