Sarlo-Lagana STEM Loan Forgiveness Bill Becomes Law

TRENTON– Senator Paul Sarlo and Senator Joseph Lagana issued the following statements today after Governor Phil Murphy enacted into law their legislation, S-2723, that will help to promote New Jersey’s innovation economy with a newly-created Loan Forgiveness Program to encourage those in STEM fields to make a long-term commitment to their careers in New Jersey:

“Science and technology are at the vanguard of a growing economy, providing the research and development that will help sustain job growth and continued economic growth,” said Senator Sarlo (Bergen/Passaic). “We need to support STEM education so that New Jersey’s students are offered the opportunities to acquire the skills and knowledge to compete in the modern economy and we need to do what we can to see that they are not burdened with unmanageable debt.”

“A loan redemption program for graduates who are working in high-growth STEM jobs will be an incentive for them to stay here in New Jersey – which is right where we want them to be,” said Senator Joseph Lagana (Bergen/Passaic). “We want our high-tech graduates to find jobs here and remain here, where they can contribute to advancements in science and technology and to the state’s economic growth.”

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