New Jersey Statutes 18A:71C-68. Eligibility for participation
Terms Used In New Jersey Statutes 18A:71C-68
- Employment: includes employment in a position. See New Jersey Statutes 18A:1-1
- Higher education: means that education which is provided by any or all of the public institutions of higher education as herein defined and any or all equivalent private institutions. See New Jersey Statutes 18A:1-1
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
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.