WorkingNation Podcast: NJ bets on zero-interest, no-fee workforce training loans
In this episode of WorkingNation’s Work in Progress podcast, Ramona Schindelheim, editor-in-chief of WorkingNation, sits down with David Socolow, HESAA NJ Executive Director, and Tracy Palandjian, CEO and Co-Founder of Social Finance, to discuss the New Jersey Pay It Forward Program, a first-in-nation recycling workforce fund preparing New Jersey residents for in-demand, family-sustaining jobs.
“This program is very much thinking about how we align the workforce development agenda with the [state’s] economic development agenda. Students enroll at no upfront cost. I love the phrase that [Governor Murphy] uses – ‘The living stipend and the wraparound support services are all on the house,’ meaning that it’s grant funded, it’s not going to be repaid.”