Bill Text: NJ S3547 | 2022-2023 | Regular Session | Amended
Bill Title: Modifies Nursing Faculty Loan Redemption Program.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2023-12-21 - Substituted by A4614 (1R) [S3547 Detail]
Download: New_Jersey-2022-S3547-Amended.html
[First Reprint]
SENATE, No. 3547
STATE OF NEW JERSEY
220th LEGISLATURE
INTRODUCED JANUARY 30, 2023
Sponsored by:
Senator NELLIE POU
District 35 (Bergen and Passaic)
Senator JOSEPH F. VITALE
District 19 (Middlesex)
SYNOPSIS
Modifies Nursing Faculty Loan Redemption Program.
CURRENT VERSION OF TEXT
As reported by the Senate Health, Human Services and Senior Citizens Committee on March 6, 2023, with amendments.
An Act concerning the Nursing Faculty Loan Redemption Program and amending and supplementing P.L.2009, c.236.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 4 of P.L.2009, c.236 (C.18A:71C-53) is amended to read as follows:
4. a. There is established within the Higher Education Student Assistance Authority the Nursing Faculty Loan Redemption Program. The purpose of the program is to address the current and projected critical shortage of nursing faculty in the State by providing an incentive for persons to enter graduate nursing education programs and for persons already trained as nurses to advance their training in the profession so as to ensure that sufficient numbers of nursing faculty are available to train nursing students, and the State's hospitals, nursing homes, veterans' facilities and home care services and community care programs will have sufficient, trained nursing staff in the future to provide quality health care services to the residents of this State.
The program shall provide loan redemption in exchange for full-time and part-time faculty employment at a school of nursing in the State for a five-year period [following completion of the approved graduate degree program. The authority may establish a limit on the total amount of student loans which may be redeemed for participants under the program].
b. In developing the program, the authority shall collaborate with the Robert Wood Johnson Foundation New Jersey Nursing Initiative and such other entities as the authority deems appropriate.
(cf: P.L.2009, c.236, s.4)
2. Section 5 of P.L.2009, c.236 (C.18A:71C-54) is amended to read as follows:
5. To be eligible to participate in the program, an applicant shall:
a. be a resident of the State and maintain domicile in the State during participation in the program; and
b. (1) have obtained a master's degree in nursing (MSN), a doctor of nursing science degree (DNS), a doctor of nursing practice degree (DNP), a doctor of philosophy degree (PhD) in nursing or another relevant field of study [within a one-year period prior to being] and be 1[hired for full-time or part-time faculty employment on or after the date of enactment of]1 [this act] 1[P.L.2009, c.236 (C.18A:71C-50 et seq.)] employed in a faculty position, including an adjunct faculty position1 ; and
(2) have maintained a grade point average of 3.0 or higher on a scale of 4.0, or its equivalent, while enrolled in an approved graduate degree program.
(cf: P.L.2009, c.236, s.5)
3. (New section) a. For each year of full-time faculty employment at an eligible institution, the program shall provide $10,000 to a program participant, up to a maximum five years, for the redemption of eligible student loan expenses. 1[For each year of part-time faculty employment at an eligible institution, the program shall provide $5,000 to a program participant, up to a maximum of five years, for the redemption of eligible student loan expenses]1 Loan redemption amounts for program participants who do not have full-time faculty employment shall be awarded on a pro-rata basis1 . The total loan redemption amount for a program participant shall not exceed $50,000.
1As used in this subsection, "full-time faculty employment" means employment with a faculty load of 12 or more academic credits in each of two semesters in an academic year.1
b. No amount of loan redemption shall be provided for service performed for less than a full year. Loan redemption shall be applied first to outstanding State loans and then to outstanding Federal loans.
4. (New section) a. The Higher Education Student Assistance Authority shall work with schools of nursing in the State to provide information on the Nursing Faculty Loan Redemption Program to students upon enrollment.
b. The authority shall work with hospitals and medical centers, professional associations, and schools of nursing in the State to promote awareness of the Nursing Faculty Loan Redemption Program and the value of graduate nursing education programs, among active and retired nurses and others interested in the nursing profession.
5. This act shall take effect immediately.
