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 creates the Grow NJ Kids Student Loan Voucher Program, which provides monthly vouchers to New Jersey residents with student loans. Eligible participants must have a child enrolled in a Grow NJ Kids-rated child care program (minimum 3-star rating), meet income limits ($75,000 individual / $150,000 household), and apply through the Higher Education Student Assistance Authority. The voucher amount equals the borrower's monthly student loan payment, funded by state appropriations. The program requires child care providers to publicize the program and participants to report enrollment changes.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 9, 2026
Last action Feb 9, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Feb 9, 2026
Introduced
Introduced in the Senate, Referred to Senate Higher Education Committee
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jim Beach
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about S 3434
Scope: NJ
Hi! I can help you understand S 3434. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline