New Jersey S809 establishes a loan and loan redemption program for students attending higher education institutions in the state.
New Jersey S809 establishes the New Jersey Talent Retention Loan and Loan Redemption Program within the Higher Education Student Assistance Authority (HESAA). The program aims to retain highly qualified students in New Jersey by offering loans to eligible students attending institutions of higher education in the state. Companies that contribute to the New Jersey Talent Retention Loan Fund receive tax credits. Eligible students 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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