Requires Higher Education Student Assistance Authority to suspend accrual of interest on certain New Jersey College Loans to Assist State Students Loan Program loans in deferment or forbearance.

This bill requires the Higher Education Student Assistance Authority (HESAA) to stop interest from accruing on New Jersey College Loans to Assist State Students (NJCLASS) loans for borrowers approved for deferment or forbearance due to temporary disability, unemployment, or financial hardship between March 9 and September 9, 2020. It directly affects NJCLASS borrowers who qualify for these hardship-based payment pauses during that specific 6-month period. The key provision suspends interest accrual during approved deferment or forbearance periods, which currently continues under existing rules. This change applies only to loans processed within that defined timeframe.