NJ A573

Establishes the Loan Redemption Program for Teachers of Agriculture within the Higher Education Student Assistance Authority (HESAA) to incentivize careers in agricultural education

Provides up to $10,000 per year in student loan redemption for certified agriculture teachers employed full-time in approved career and technical education programs, with a maximum of $50,000 over five years

Limits program participation to 10 new participants per year

Requires applicants to be New Jersey residents, have completed a bachelor's degree within five years of applying, hold a teaching endorsement in agriculture, and have outstanding state or federal student loans in good standing

Mandates participants sign a contract committing to at least five years of teaching service, with provisions for contract nullification in cases of death, permanent disability, or extreme hardship