NJ Residents in These Mental Health Professions Can Apply for Student Loan Forgiveness

NJ Residents in These Mental Health Professions Can Apply for Student Loan Forgiveness
October 27, 2024 Comments Off on NJ Residents in These Mental Health Professions Can Apply for Student Loan Forgiveness Post Burlington

TRENTON – The Murphy Administration today announced that the New Jersey Higher Education Student Assistance Authority (HESAA) is now accepting applications for the Behavioral Healthcare Provider Loan Redemption Program. The purpose of the program is to help recruit and maintain a qualified workforce of behavioral healthcare professionals in order to further Governor Phil Murphy’s ongoing goal of expanding access to mental health care on behalf of New Jersey residents.

Through funding in the Fiscal Year 2023 budget last June and a law signed by Governor Murphy last year, this career-specific loan redemption program was created to help address the critical shortage of behavioral health providers in the Garden State. Under the program, behavioral healthcare professionals can apply to have HESAA pay off up to $150,000 of their student loan balance in exchange for agreeing to work at an approved community behavioral and mental health provider located in New Jersey.

For every two years of service in New Jersey, behavioral healthcare providers can apply for up to $50,000 in loan redemption, for a maximum of six years.

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You can find additional mental health community resources at https://burlingtoncountyinspirations.org/index.php/community-resources/

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