Permits county improvement authorities to establish student loan refinancing loan programs.

This bill allows New Jersey county improvement authorities to establish student loan refinancing programs for eligible residents. It permits student borrowers who live in a county or parent borrowers who are New Jersey residents or have primary employment in the state to refinance their student loans at lower interest rates. The programs must offer at least two repayment plans, including one with income-based options, and cannot create undue financial hardship for borrowers. Refinanced loans cannot be discharged in bankruptcy, and authorities must ensure borrowers can speak with live representatives who have access to their loan information.