S 3434 New Jersey Senate · 2026-2027 Regular Session

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
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Total actions
1
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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
Photo of Jim Beach
Jim Beach
DDemocratic
NJ
6