3.   To be eligible to participate in the program, an applicant shall:

   a.   be a resident of the State and maintain residency during program participation;
 
   b.   be a graduate of an approved STEM degree program at an institution of higher education located in New Jersey;
 
   c.   have an outstanding balance on a qualifying student loan and not be in default on any qualifying student loan;
 
   d.   have been employed full-time in a designated high-growth STEM occupation for a minimum of four years prior to initial application to the program and be employed thereafter for an additional one to four years in a designated high-growth STEM occupation;
 
   e.   provide certification that the applicant's employer has agreed to annually provide the applicant at least a 100 percent match of the loan redemption benefit under the program during the applicant's participation in the program and employment in a designed high-growth STEM occupation; and
 
   f.   satisfy any additional criteria the authority may establish.
 
   L.2018, c.142, s.3.