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The program offers student loan redemption in exchange for an employee’s commitment to full-time employment in a designated high-growth STEM occupation at an employer in New Jersey for a period of at least four years and up to eight years.
Who is eligible to participate in the New Jersey STEM Loan Redemption program? New Jersey residents who have graduated from an approved high-growth STEM degree program at a New Jersey college or university and have worked continuously full-time in a STEM occupation in New Jersey for at
The New Jersey STEM Loan Redemption Program offers student loan redemption in exchange for an employee’s commitment to build and maintain a career in certain STEM jobs in New Jersey.
28 gru 2023 · The New Jersey STEM Loan Redemption Program offers loan repayment for individuals working full-time in the fields of science, technology, engineering, and mathematics (STEM) fields in the state of New Jersey. The program requires at least a four-year commitment.
Graduates of New Jersey colleges and universities employed in STEM fields can participate in a STEM loan redemption program.5 Several New Jersey institutions of higher education have model programs for consideration and scaling. Some of these programs are highlighted below, including the Rutgers Governor’s School
New Jersey STEM Loan Redemption Program. Rolling Application. Eligibility. Employers: Be registered to do business in New Jersey. Provide a matching $1,000 payment per participating employee for each year (up to four years) the employee works at their business and remains in the program.
14 gru 2018 · This program will provide graduates of New Jersey colleges and universities employed in STEM fields with $1,000 each year for a maximum of 4 years towards their student loans, which will be matched by the participant’s employer.
