Establishes a loan redemption program for bilingual education teachers in New Jersey.

The bill creates a loan redemption program for public school teachers in bilingual education or English as a second language programs. The Higher Education Student Assistance Authority will redeem eligible student loan expenses for teachers who commit to four consecutive years of full-time employment. The redemption amount is 25% of the participant's eligible student loan expenses, up to $5,000 per year, totaling a maximum of $20,000 over four years. Priority is given to teachers at low-performing public schools.

Establishes a loan redemption program for bilingual education teachers in New Jersey.

The bill creates a loan redemption program for public school teachers in bilingual education or English as a second language programs. The Higher Education Student Assistance Authority will redeem eligible student loan expenses for teachers who commit to four consecutive years of full-time employment. The redemption amount is 25% of the participant's eligible student loan expenses, up to $5,000 per year, totaling a maximum of $20,000 over four years. Priority is given to teachers at low-performing public schools.