Establishes the "Neighborhood Scholar Revitalization Pilot Program."

The Neighborhood Scholar Revitalization Pilot Program (S 2732) would provide up to $7,000 in student loan reimbursement to college graduates who commit to living for two years in targeted neighborhoods within Camden, Trenton, Jersey City, and Paterson. To qualify, participants must have at least $7,000 in student loan debt and reside in designated residential areas with median household income at or below 60% of the regional median. Businesses in enterprise zones can receive tax credits equal to their contributions to the program's fund, which would reimburse participants' student loans after their two-year residency commitment. The Urban Enterprise Zone Authority would administer the program, with a report due within three years evaluating its effectiveness and recommending potential expansion or termination.