New Jersey A1640 establishes a voucher program for student loan borrowers with children in high-rated child care programs.
New Jersey A1640 establishes the Grow NJ Kids Student Loan Voucher Program within the Higher Education Student Assistance Authority. This program issues vouchers to eligible borrowers in the amount of their monthly loan repayment for children enrolled in approved child care programs. To qualify, borrowers must be New Jersey residents, have a child enrolled in a program rated at least three by Grow NJ Kids, and meet income limits. The authority will provide information about the program to approved programs and the public.
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- Legal Framework
- Critical Issues
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