Establishes Allied Health Care Professional Loan Redemption Program.

This bill establishes New Jersey's Allied Health Care Professional Loan Redemption Program through the Higher Education Student Assistance Authority. It provides partial reimbursement of student loans for licensed allied health professionals (such as nurses, therapists, technicians, and home health aides) who work full-time in the state for at least one year. To qualify, applicants must be New Jersey residents, hold a relevant license or credential, and agree to a service contract with the Authority for up to four years. The program covers loan balances for education costs required to enter the profession, with reimbursement tied to annual service commitments.