Program Objective: To address the current and projected critical shortage of nurse faculty in the State of New Jersey by providing an incentive for persons to enter graduate nursing education programs by offering student loan redemption in exchange for full-time faculty employment at a school of nursing in the State of New Jersey for a five-year period following completion of the approved graduate degree program.
Eligible Participants must:
"Eligible student loan expenses" means the cumulative total of the annual State of New Jersey and/or Federal student loans covering the cost of attendance at an approved graduate degree program. Interest due on student loans obtained by an applicant is eligible for reimbursement.
"eligible institution" means a school of nursing that is nationally accredited and licensed by the New Jersey Board of Nursing or a nursing program at a Commission on Higher Education licensed institution of higher education that is nationally accredited and licensed by the New Jersey Board of Nursing.
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