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NJ S2204
Bill
Status
1/13/2026
Primary Sponsor
Teresa Ruiz
Click for details
AI Summary
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Appropriates $20 million from New Jersey's General Fund to the Higher Education Student Assistance Authority for STEM teacher loan redemption and tuition reimbursement programs
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Eligible individuals include those graduating from educator preparation programs in the 2021-2022 academic year or completing master's/Ph.D. programs in STEM subjects who commit to teaching in New Jersey public schools
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Participants must execute a contract agreeing to teach STEM classes at a New Jersey public school for four full school years following acceptance into the program
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Loan redemption and tuition reimbursement payments equal 25% of eligible expenses, with a maximum of $20,000 per individual, issued as upfront lump sum payments
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If participants fail to complete the four-year teaching commitment or violate contract terms, they must repay the funds to the Higher Education Student Assistance Authority as a loan
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
1/13/2026