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.
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