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New Jersey STEM Loan Redemption Program

Who It’s For: Professionals in certain high-growth occupations in science, technology, engineering, and mathematics (STEM) fields in New Jersey.

How to Apply: The first applications for STEM loan redemption will be accepted in December 2022 and first redemption payments will be issued in December 2023. This program is subject to available funds. For more information or additional questions, please email

What Loans Qualify: State or federal student loans for the actual costs paid for tuition and reasonable education and living expenses relating to obtaining a degree in an approved STEM degree program from an institution of higher education located in New Jersey.

How Much?: Up to $2,000 of eligible student loan expenses redeemed each year, for up to four years, up to a maximum of $8,000.

Anything Else I Should Know?: Applicants must have worked full-time in an approved high-growth STEM occupation at a New Jersey employer for a minimum of four years before applying for the program.