N.J. Stat. § 18A:71C-95: Air Traffic Controller Loan Redemption contract nullification.

3. a. A program participant who has entered into a redemption contract with the authority pursuant to section 2 of P.L.2025, c.269 (C.18A:71C-94) may nullify that contract by submitting written notification to the authority and assuming full responsibility for repayment of the full amount of the program participant’s student loan amounts.

b. In the case of a program participant’s death or total and permanent disability, the authority shall nullify the service obligation of the program participant.

c. The authority may nullify or suspend a program participant’s service obligation if continued enforcement of the contract may result in extreme hardship.

L.2025, c.269, s.3.