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  • NJ A2192
  • Establishes a loan redemption program for public school teachers who meet certain academic requirements and teach Science, Technology, Engineering or Mathematics subjects or special education.
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill establishes a loan redemption program in the Higher Education Student Assistance Authority for public school teachers who meet certain academic requirements and who teach STEM subjects or special education. Under the bill, a program participant must meet the following conditions to be eligible: · graduated in the top 20% of the student's high school graduating class or scored in the top 20% on the SAT or ACT examination; · graduated from an institution of higher education with a grade point average of at least 3.5; and · teaches STEM subjects or special education. In order to participate in the loan redemption program, a person must be a resident of New Jersey and execute a contract with the authority. The redemption of loans under the program would amount to $9,000 or the outstanding balance of the principal and interest of eligible student loan expenses, whichever is less, following the third consecutive year of full-time employment as a teacher of science, technology, engineering, mathematics or special education in a public school. A program participant is not required to teach at the same public school for three consecutive years. Under the bill, the authority must annually submit a report on the program to the Governor and to the Legislature. The report will be submitted no later than August 1 of each year and will include, at a minimum, information on the total number of participants receiving loan redemption under the program, the impact of the program on attracting teachers to teach STEM subjects or special education, and the number of participants who withdrew from the program prior to the completion of the required service.
Not specified
Introduced, Referred to Assembly Higher Education Committee  (on 1/27/2016)
 
 

Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Higher Education Committee
Date Motion Yea Nay Other
None specified