N.J. Admin. Code § 9A:10-8.1
The rules established by this subchapter provide the policies and procedures for participation in the Loan Redemption Program for Teachers in High-Need Fields Employed in Low-Performing Schools administered by the Higher Education Student Assistance Authority (Authority). This program shall provide redemptions of 25 percent of the outstanding principal and interest balance of a Program participant's New Jersey College Loans to Assist State Students (NJCLASS) loan amounts, up to $ 5,000, in return for each consecutive full year of service teaching in a high-need field in a low-performing school. The total amount of NJCLASS loan amounts that may be redeemed under the Program by a Program participant, for four full school years of service, shall not exceed $ 20,000.
N.J. Admin. Code § 9A:10-8.1