NJ S1912

Creates the Large Animal Veterinarian Loan Redemption Program within the Higher Education Student Assistance Authority to address veterinarian shortages in designated underserved areas of New Jersey.

Provides 20% redemption of eligible student loan principal and interest for each full year of service as a large animal veterinarian, up to 100% total redemption after five years.

Requires participants to be New Jersey residents, graduates of an approved veterinary school, have completed a professional residency with a director's recommendation, and commit to practicing in state-designated underserved areas.

The Secretary of Agriculture designates underserved geographic areas based on large animal veterinarian shortages, and the Authority's executive director matches participants to these locations.

Allows contract nullification by the participant (who then assumes remaining loan responsibility) or by the Authority in cases of death, permanent disability, or extreme hardship.