This program is designed for teachers in New Jersey who teach in high-need fields in eligible schools. Loan redemption under the program shall amount to 25% of principal and interest of a program participant’s outstanding NJCLASS loan amount for up to four years. Redemptions shall not exceed $5,000, in return for each consecutive full school-year of approved employment service. The total loan redemption amount for four years of program participation shall not exceed $20,000.
To participate in the program an applicant:
The federal government also offers other student loan forgiveness programs: