The Murphy Administration announced that the NJ Higher Education Student Assistance Authority (HESAA) is now accepting applications for the Behavioral Healthcare Provider Loan Redemption Program.

The program’s purpose is to help recruit and maintain a qualified workforce of behavioral healthcare professionals to expand access to mental healthcare on behalf of NJ residents.

This career-specific loan redemption program was created through funding in the Fiscal Year 2023 budget last June, and a law signed last year to help address the critical shortage of behavioral health providers in the Garden State. 

Under the program, behavioral healthcare professionals can apply to have HESAA pay off up to $150,000 of their student loan balance in exchange for agreeing to work at an approved community behavioral and mental health provider in New Jersey.

For every two years of service in NJ, behavioral healthcare providers can apply for up to $50,000 in loan redemption, for a maximum of six years.

In addition to the six-year, $150,000 loan redemption offer, behavioral healthcare providers who work primarily with children and adolescents may also be eligible to receive supplemental incentive grants of up to $5,000 annually for up to six years, resulting in an additional $30,000 on top of the available $150,000.

A total of $5 million is available to support the first cohort of approved applicants for up to a six-year maximum service commitment.

Click here to learn more about eligibility details and access the online application.