N.J. Admin. Code § 9A:10-2.10

Current through Register Vol. 56, No. 24, December 18, 2024

Section 9A:10-2.10 - Allocation of funds for redemption of loans for an approved course of study

The Authority shall provide loan redemption to program participants for eligible student loan expenses incurred for an approved course of study, subject to the availability of funds appropriated for this purpose. Of these funds, 80 percent shall be allocated to provide loan redemption to finance the undergraduate study of program participants and 20 percent shall be allocated to provide loan redemption to finance the approved course of graduate study of program participants.