This program is designed for teachers in New Jersey who teach in high-need fields in eligible schools. Loan redemption under the program shall amount to 25% of principal and interest of a program participant’s eligible student loan expenses for up to four years. Redemptions shall not exceed $5,000, in return for each consecutive full school-year of approved employment service. The total loan redemption amount for four years of program participation shall not exceed $20,000.
To participate in the program an applicant:
Register/Login to Start Application
The NJ Teacher Loan Redemption Application period is now open through February 16, 2024. New schools have been added to the list of eligible schools.
The federal government also offers other student loan forgiveness programs: