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HomeBeyond ParsippanyState Launches $50,000 Loan Relief Program for Health Professionals

State Launches $50,000 Loan Relief Program for Health Professionals

MORRIS COUNTY — The New Jersey Higher Education Student Assistance Authority is offering a new student loan relief program for professionals who serve individuals with medical conditions, mental health, substance use disorders, or disabilities. Through the Home and Community-Based Services Provider Loan Redemption Program, professionals can receive up to $50,000 in loan relief.

Qualified applicants can submit their applications for loan relief to the New Jersey Higher Education Student Assistance Authority from now through Friday, July 31.

Eligible professionals include psychiatrists, licensed psychologists, licensed social workers, licensed clinical social workers, psychiatric nurse mental health clinical specialists, board-certified behavior analysts, board-certified behavior analysts-doctoral, licensed clinical or certified alcohol and drug counselors, licensed professional and associate counselors, licensed or associate marriage and family therapists, Department of Children and Families care managers, registered nurses, and licensed practical nurses. Self-directed employees are also eligible to apply.

To qualify for the program, an applicant must meet the following requirements: be employed full-time in an eligible profession by a state-funded home- and community-based provider agency; maintain a current license or board certification; maintain employment at the state-funded home- and community-based provider agency for at least one year; not be in default on any student loan; and not be participating in any other student loan redemption program.

“This student loan redemption program further bolsters our home and community-based services workforce, and it is key in supporting qualified service providers to bring their skills and expertise to communities across the state,” said Governor Phil Murphy. “In addition to alleviating the financial burdens of this workforce, this program also builds the capacity to deliver care in the community for more New Jerseyans.”

For more information on the program and to apply, click here.

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Frank L. Cahill
Frank L. Cahill
Publisher of Parsippany Focus since 1989 and Morris Focus since 2019, both covering a wide range of events. Mr. Cahill serves as the Executive Board Member of the Parsippany Area Chamber of Commerce, President of Kiwanis Club of Tri-Town and Chairman of Parsippany-Troy Hills Economic Development Advisory Board.
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