18A:71B-94 Loan forgiveness awards.
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/nj/title-18a/chapter-71b/18a-71b-94A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
8. The authority shall grant loan forgiveness awards subject to the availability of funds appropriated for this purpose, of which funds, 80% shall be allocated to provide loan redemption to finance the undergraduate study of program participants and 20% shall be allocated to provide loan redemption to finance the graduate study of program participants.
L.2005,c.157,s.8.