LegalFix
Sign In

Section 18A:71C-68 - Eligibility for participation.

NJ Rev Stat § 18A:71C-68 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

18A:71C-68 Eligibility for participation.

3. To be eligible to participate in the program, an applicant shall:

a. be a resident of the State and maintain residency during program participation;

b. be a graduate of an approved STEM degree program at an institution of higher education located in New Jersey;

c. have an outstanding balance on a qualifying student loan and not be in default on any qualifying student loan;

d. have been employed full-time in a designated high-growth STEM occupation for a minimum of four years prior to initial application to the program and be employed thereafter for an additional one to four years in a designated high-growth STEM occupation;

e. provide certification that the applicant's employer has agreed to annually provide the applicant at least a 100 percent match of the loan redemption benefit under the program during the applicant's participation in the program and employment in a designed high-growth STEM occupation; and

f. satisfy any additional criteria the authority may establish.

L.2018, c.142, s.3.

Previous Section
Section 18A:71C-67 - STEM Loan Redemption Program.
Next Section
Section 18A:71C-69 - Selection of participants.