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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.
payment, $1,000 will be funded by the New Jersey Higher Education Student Assistance Authority (HESAA) through a State appropriation, with the balance matched by an equal contribution from the participant’s
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
New Jersey STEM Loan Redemption Program. Who It’s For: Professionals in certain high-growth occupations in science, technology, engineering, and mathematics (STEM) fields in New Jersey. How to Apply: The first applications for STEM loan redemption will be accepted in December 2022 and first redemption payments will be issued in December 2023 ...
Benefits. Up to $8,000 in student loan redemption while only contributing half that amount. HESAA matches each $1,000 contribution from participating employers for up to four years. Learn More.
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.
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
