New Jersey § 18a:71c-37
Full text of New Jersey New Jersey Statutes § 18a:71c-37, with citation guidance and answers to common questions.
§ 18a:71c-37.
a. Maximum redemption of loans under the loan redemption program shall amount to 18%
of principal and interest of eligible qualifying loan expenses in return for one full year of service at an approved site , an additional 26% for a second full year of service, an additional 28% for a third
full year of service and an additional 28% for a fourth full year of service for a
total redemption of eligible qualifying loan expenses of up to, but not to exceed, $120,000 , or the maximum amount authorized by the federal government, whichever is greater, either (1) in State funds or (2) the sum of federal, State, and other non-federal
funds pursuant to section 338I of the Public Health Service Act ( 42 U.S.C.s.254q-1 ), whichever is applicable. No amount of eligible qualifying loan expenses shall be redeemed for services performed
for less than a full year . b. A participant who enters an agreement to fulfill service in a State designated
underserved area that is also a HPSA shall be permitted a total redemption of eligible qualifying loan expenses for four years of service up to, but not to exceed, the sum of federal,
State and other non-federal matching funds provided pursuant to section 338I of the
Public Health Service Act ( 42 U.S.C.s.254q-1 ). c. A program participant who enters an agreement to fulfill service in a State designated
underserved area that is not also a HPSA shall be permitted a total redemption of
eligible qualifying loan expenses for four years of service up to, but not to exceed,
$120,000, or the maximum amount authorized by the federal government, whichever is
greater, in State funds. d. A program participant who has engaged in full-time clinical practice during the
participant's initial two years of participation in the program shall be permitted
to fulfill the program participant's subsequent service obligations on a part-time
basis with the approval of the authority or its designee and the program participant's
employer in a State designated underserved area, with the program participant's redemption
credit accruing on a pro rata basis. The program participant may be permitted a total redemption of eligible qualifying
loan expenses for the equivalent of four years of full-time service.
Frequently Asked Questions About New Jersey § 18a:71c-37
What does New Jersey Statutes § 18a:71c-37 cover?
Section 18a:71c-37 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 18a:71c-37?
A common citation format is "New Jersey Statutes § 18a:71c-37" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 18a:71c-37 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.