As part of efforts to enhance mental health support in New Jersey, the New Jersey Higher Education Student Assistance Authority (HESAA) has announced that applications are now open for behavioral healthcare professionals to apply for student loan redemption and incentive grants up to $180,000. This initiative aims to encourage professionals to deliver mental health services across the state.
Governor Phil Murphy emphasized the importance of this program, stating, "Bolstering mental health supports, especially on behalf of young people, remains one of my Administration's highest priorities." He added that the student loan redemption program is a step towards incentivizing and supporting professionals in providing behavioral health services.
Margo Chaly, Esq., Executive Director of HESAA, explained the program's goals: "By alleviating the student loan debt of eligible behavioral healthcare providers, we encourage more professionals to continue providing behavioral and mental healthcare in our communities." She expressed gratitude for Governor Murphy and the Legislature's support, which includes an additional $2 million funding for the program.
Christy Van Horn, Chairwoman of the HESAA Board, praised the funding as a valuable resource for specialized healthcare providers throughout New Jersey. "I commend the HESAA team for the successful launch and continued administration of this program," she said.
Eligible full-time behavioral healthcare providers at approved sites operated by nonprofits, educational institutions, or government entities can apply for loan redemption in exchange for service. Participants can receive up to $50,000 in student loan redemption for every two years of direct clinical practice. Those working primarily with children and adolescents may also qualify for an additional grant up to $5,000 annually.
In its third round of funding from Fiscal Year 2025 budget allocations totaling $7 million, 94 professionals have participated since its inception in January 2023. Previous applicants not accepted must reapply under this new funding round.
To qualify for student loan redemption, providers must reside in New Jersey and work full-time at an approved site while maintaining relevant licenses. Eligible professions include board-certified behavior analysts and licensed social workers among others. Selection uses a scoring system based on demand data from New Jersey Department of Labor and Workforce Development.
For more details on eligibility criteria and application procedures visit www.hesaa.org/Pages/BHLRP.aspx.
