S 3495 New Jersey Senate · 2024-2025 Regular Session

Establishes Reproductive Health Care Professionals Loan Redemption Program; appropriates $5 million.

This bill establishes New Jersey's Reproductive Health Care Professional Loan Redemption Program, appropriating $5 million to reduce student debt for licensed providers. It directly affects New Jersey residents who are reproductive health care professionals (including abortion providers) working at approved sites like clinics or hospitals. Under the program, participants can have up to 18%-28% of their qualifying student loans redeemed per year of service (capping at $200,000 total), with preference given to those working in counties lacking abortion providers. The program requires a 1-4 year service commitment at an approved site in exchange for loan repayment, excluding those already in federal or state loan repayment programs.
Bill status in committee 1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
Governor
Introduced Jun 24, 2024 Last action Jun 24, 2024
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Jun 24, 2024
Introduced
Introduced in the Senate, Referred to Senate Health, Human Services and Senior Citizens Committee
upper
2 primary · 3 co-sponsors

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