New Hampshire establishes school loan debt relief program for state troopers

The New Hampshire Legislature has introduced Senate Bill 21-FN, aimed at addressing the growing issue of student loan debt among state troopers. Introduced on February 13, 2025, the bill proposes a student loan repayment assistance program specifically for police employees, offering up to $40,000 in disbursements over the first five years of employment.

The key provisions of the bill include a structured disbursement plan where eligible applicants can receive $10,000 annually towards their student loan debt, contingent upon their continued employment as police officers. If an applicant has less than $10,000 in student loan debt after their first year, they will receive prorated disbursements based on their remaining balance. The bill establishes a dedicated fund, known as the state trooper retention school loan debt relief fund, which will be financed through state appropriations and potential private donations.

Despite its intentions, the bill has sparked notable debates regarding its funding. The fiscal note accompanying the bill indicates that while it anticipates expenditures ranging from $100,000 to $1 million in the coming years, it does not provide a clear funding source beyond a nominal appropriation of $1 for the biennium ending June 30, 2027. This raises concerns among lawmakers about the sustainability and viability of the program, as it relies heavily on future appropriations and external funding.

Supporters argue that the bill is crucial for attracting and retaining police officers in New Hampshire, particularly as many face significant student loan burdens. Critics, however, question the feasibility of the program without a solid financial foundation, fearing it may become an unfunded mandate.

As the bill progresses through the legislative process, its implications could extend beyond financial assistance, potentially influencing recruitment strategies and workforce stability within the state's law enforcement agencies. The bill is set to take effect on July 1, 2025, if passed, and its future will depend on ongoing discussions about funding and program administration.