Establishes a grant program for student-loan and tuition relief for health care professionals in New Jersey.
The Public-Private Alliance to Retain Talent and Expand Regional Health Program Act creates a grant program within the New Jersey State Department of Health. The program provides grants to qualified recruitment and retention servicers to assist health care professional students with securing post-graduation employment and repaying student loans or tuition expenses. The bill appropriates $5 million from the General Fund to fund the program. The program requires a 200 percent match from partner hospitals, unless the hospital is University Hospital.
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