New Jersey A1010 establishes a grant program for student-loan and tuition relief for health care professionals.
New Jersey A1010 creates the "Public-Private Alliance to Retain Talent and Expand Regional Health Program" within the Department of Health. This program aims to recruit and retain health care professionals by offering student loan or tuition relief. The Department of Health will contract with qualified recruitment and retention servicers to provide these benefits. The bill appropriates $5 million from the General Fund for this purpose. The program requires a 200 percent match from partner hospitals, with an exception for University Hospital.
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