Politico: New Jersey Launches ‘Nation-Leading’ Affordable Loan Program at 3 Colleges
Social Finance in the News
New Jersey is launching a first-of-its-kind job training and loan program for hundreds of mostly low-income students at Hudson County Community College, Camden County College, and the New Jersey Institute of Technology. As the nation’s first Pay It Forward Fund, this program will provide interest-free, fee-free loans to students seeking careers in high-demand fields such as health care, information technology, and renewable energy. Governor Phil Murphy hopes this model will be replicated by other states across the country. Learn more in this Politico article by Carly Sitrin.
(Article behind a paywall)