Requires public service employer to certify employment of qualifying employees under federal Public Service Loan Forgiveness Program; requires Secretary of Higher Education to develop materials to promote Public Service Loan Forgiveness Program.
This bill requires public service employers in New Jersey (such as public schools, local governments, and nonprofits) to certify employees’ eligibility for the federal Public Service Loan Forgiveness Program (PSLF), which forgives student loans after 10 years of qualifying public service work. It specifies that educators must be credited with 3.35 hours worked per hour of classroom time for certification, without overriding better terms in collective bargaining agreements. Employers must provide completed PSLF forms to employees upon request, annually, and at separation, and must distribute standardized materials about the program. The state’s Secretary of Higher Education must create and update promotional resources (including a summary letter, fact sheet, and FAQ) to help employers share PSLF details with all staff annually and new hires within 30 days.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024
Last action Jan 9, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Higher Education Committee
lower
1 primary · 1 co-sponsor
Sponsors
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