"Public-Private Alliance to Retain Talent and Expand Regional Health Program Act"; creates grant program within DOH for student-loan and tuition relief and appropriates $5 million.

S 850 establishes a $5 million grant program within New Jersey's Department of Health to help health care professional students repay loans or tuition. The program provides grants to qualified recruitment servicers who partner with hospitals and educational institutions, requiring hospitals to match grant funds at 200% and students to commit to three years of work at partner hospitals. It directly affects health care students (capping assistance at $10,000 yearly or $30,000 total), hospitals providing employment, and recruitment servicers managing the program. The bill specifies eligibility, application requirements, and administrative details for distributing funds to support health care workforce retention.