New Jersey Administrative Code
Title 9A - HIGHER EDUCATION
Chapter 10 - STUDENT LOAN AND COLLEGE SAVINGS PROGRAMS
Subchapter 4 - NURSING FACULTY LOAN REDEMPTION PROGRAM
Section 9A:10-4.4 - Application procedures

Universal Citation: NJ Admin Code 9A:10-4.4

Current through Register Vol. 56, No. 18, September 16, 2024

(a) In order to apply for participation in the program, an applicant must complete a loan redemption program application and submit it to the Student Loan Office postmarked on or after July 1 of the year for which the applicant is applying.

1. The program application includes identifying information about the applicant as well as contact information, current employment, approved graduate degree program attendance and graduation, the amount of the applicant's outstanding State and Federal student loans and the holder of those loans.

2. Inclusive within the program application, an applicant must also have his or her employer, or potential employer, certify the applicant's start date for full-time faculty employment at an eligible institution before submitting the application to the Student Loan Office.

3. An applicant must also submit with his or her application a final transcript from the approved graduate degree program, incorporating the applicant's GPA, and copies of the applicant's most recent eligible student loan billing statements.

(b) The Authority will consider applications for approval of program participation in the date order they are received, subject to available funding.

(c) The Authority will determine the applicant's eligibility for the program based upon the information submitted and will provide notification to the applicant of his or her acceptance into the program.

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