New Jersey Statutes
§ 18A:71B-92 — Application for loan redemption.
New Jersey § 18A:71B-92
JurisdictionNew Jersey
Title 18AEDUCATION
This text of New Jersey § 18A:71B-92 (Application for loan redemption.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 18A:71B-92 (2026).
Text
6.An eligible direct care professional may apply to the authority for a loan redemption in such a manner as the authority prescribes and shall include all information and documentation required by the authority.
a.A program participant shall enter into a written contract with the authority to participate in the program. The contract shall specify the duration of the applicant's required service and the total amount of eligible student loan expenses to be redeemed by the State in return for service.
b.The redemption of loans under the program shall not exceed $5,000 of principal and interest of eligible student loan expenses for each full year of service satisfactorily completed by the program participant. The total loan redemption amount for a program participant, for four years of serv
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Nearby Sections
15
§ 18A:71B-1
Eligible institution defined.§ 18A:71B-100
Board of trustees.§ 18A:71B-101
Awarding of scholarships.§ 18A:71B-102
Qualifications for award of scholarship.§ 18A:71B-103
Rules, regulations.§ 18A:71B-106
Residential pre-college summer program.§ 18A:71B-107
Undergraduate ACES Scholar program.§ 18A:71B-108
Funding.§ 18A:71B-109
Annual report.§ 18A:71B-11
Scholarships created.§ 18A:71B-110
Rules, regulations.Cite This Page — Counsel Stack
Bluebook (online)
New Jersey § 18A:71B-92, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/18A/18A%3A71B-92.