Establishes a Loan Redemption Program for Teachers of Agriculture to incentivize careers in agricultural education.
The Loan Redemption Program for Teachers of Agriculture Act establishes a program within the Higher Education Student Assistance Authority (HESAA) to provide loan redemption for up to ten participants annually. Eligible participants must be certified teachers with an outstanding student loan balance and must commit to at least five years of full-time employment in a New Jersey school district. The program caps loan redemption at $10,000 per year, with a maximum of $50,000 over five years.
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