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NJ S2180
Bill
Status
1/9/2024
Primary Sponsor
Teresa Ruiz
Click for details
AI Summary
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Appropriates $20 million in supplemental funding to the Higher Education Student Assistance Authority for STEM teacher loan redemption and tuition reimbursement programs
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Provides upfront, lump sum payments of up to $20,000 (25% of eligible expenses) for student loan redemption or tuition reimbursement to qualifying STEM teachers graduating or completing programs in the 2021-2022 academic year
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Requires recipients to execute a contract agreeing to teach STEM classes in New Jersey public schools for four full school years
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Covers individuals graduating from educator preparation programs, master's or Ph.D. programs in STEM, or completing 30 credits in a coherent STEM course sequence
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Requires participants who fail to complete four years of service or violate contract terms to repay the loan redemption or tuition reimbursement amount as a loan to the Higher Education Student Assistance Authority
Legislative Description
Provides supplemental appropriation of $20 million for loan redemption program and tuition reimbursement program for certain teachers of science, technology, engineering, and mathematics.
Education
Last Action
Introduced in the Senate, Referred to Senate Education Committee
1/9/2024