New Jersey Talent Retention Loan and Loan Redemption Program offers tax credits to companies that fund loans for students attending in-state colleges.
The New Jersey Talent Retention Loan and Loan Redemption Program provides tax credits to companies that contribute to a loan fund for students attending institutions of higher education in New Jersey. The program aims to retain highly qualified students in the state by allowing businesses to finance the education of students through contributions to the New Jersey Talent Retention Loan Fund. Students who meet academic standards can receive loans of up to $10,000 per year, with a maximum of $40,000 for a baccalaureate degree and $20,000 for an associate degree.
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