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Bill > A3356


NJ A3356

NJ A3356
Establishes Loan Redemption Program for Teachers of Agriculture in Higher Education Student Assistance Authority.


summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
Dead

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill establishes the Loan Redemption Program for Teachers of Agriculture within the Higher Education Student Assistance Authority (HESAA). The purpose of the program is to provide an incentive for individuals to begin a career in agricultural education. The program will provide for the redemption of a portion of the eligible student loan expenses of program participants for each year of full-time employment in a school district as a certified teacher in a career and technical education program in agriculture approved by the Department of Education. Under the bill, HESAA will offer loan redemption for up to a total of ten participants in each program year. Loan redemption for each participant is capped at $10,000 a year, with a maximum five year loan redemption value of $50,000. To be eligible to participate in the program, an applicant must: be a resident of the State and maintain domicile in the State during participation in the program; have successfully completed an approved course of study within a five-year period prior to applying for the program; have an outstanding balance with a State or federal student loan program and not be in default on any student loan; and be a certified teacher who holds an endorsement issued by the State Board of Examiners that authorizes the holder to teach agriculture. A program participant will enter into a written contract with HESAA to participate in the program. The contract will specify the duration of the applicant's required employment by a school district as a teacher of agriculture, which will be no less than five years, and the total amount of eligible student loan expenses to be redeemed by the State in return for service.

AI Summary

This bill establishes the Loan Redemption Program for Teachers of Agriculture, administered by the Higher Education Student Assistance Authority (HESAA), to encourage individuals to pursue careers in agricultural education by offering student loan relief. Eligible participants, who must be state residents with outstanding student loans and a teaching certification in agriculture, can have up to $10,000 of their "eligible student loan expenses" (which includes principal and interest on loans for college costs) redeemed annually for each year they teach full-time in an approved agricultural career and technical education program in a school district. The program is capped at ten participants per year, with a maximum total redemption of $50,000 per participant over five years of service. Participants will sign a contract with HESAA outlining their service commitment, and the program aims to address a projected shortage of qualified graduates in food and agriculture fields, a significant industry in New Jersey.

Committee Categories

Education

Sponsors (2)

Last Action

Introduced, Referred to Assembly Higher Education Committee (on 01/13/2026)

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