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NJ S4990
Bill
Status
12/15/2025
Primary Sponsor
James Beach
Click for details
AI Summary
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Establishes the Grow NJ Kids Student Loan Voucher Program within the Higher Education Student Assistance Authority to provide monthly vouchers covering the principal loan repayment amount for eligible student loan borrowers
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Eligible borrowers must be New Jersey residents with a child enrolled in a Grow NJ Kids-rated child care program (minimum rating of 3), with individual income not exceeding $75,000 or household income not exceeding $150,000
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Approved programs include licensed child care centers, school- or center-based preschools, Head Start programs, and registered family child care providers with a Grow NJ Kids rating of at least three
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Requires the Authority to inform all eligible child care providers and the general public about the program through its website and outreach efforts
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Mandates approved programs to publicize the voucher program within their facilities, on websites, and through other communications to families
Legislative Description
Requires Higher Education Student Assistance Authority to issue vouchers in amount of monthly loan repayment amount for loan borrowers who have child enrolled in Grow NJ Kids-rated child care program.
Higher Education
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee
12/15/2025