N.J. Admin. Code § 9A:10-4.1
The rules established by this subchapter provide the policies and procedures for participation in the Nursing Faculty Loan Redemption Program administered by the Higher Education Student Assistance Authority. This Program is intended to address the current and projected critical shortage of nurses in the State by providing an incentive for individuals with advanced degrees to serve as teaching faculty for undergraduate nursing education programs in New Jersey. This Program provides redemption of eligible student loan expenses incurred by Program participants in exchange for full-time faculty or part-time faculty employment at a school of nursing in the State for a five-year period following completion of the approved graduate degree program.
N.J. Admin. Code § 9A:10-4.1