A 4111 New Jersey General Assembly · 2024-2025 Regular Session

Directs Higher Education Student Assistance Authority to grant deferment of New Jersey College Loans to Assist State Students (NJCLASS) student loan payments to new parent.

This bill requires New Jersey's Higher Education Student Assistance Authority to grant a 12-week payment pause on NJCLASS student loans for borrowers who become parents. To qualify, borrowers must submit proof of a child's birth or adoption within 120 days, with the deferment starting upon receipt of that proof and ending 12 weeks later. Interest will not accrue during this 12-week period. The policy directly affects eligible NJCLASS student loan borrowers who have recently become parents.
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2024
Committee Review
Floor Vote
Governor
Introduced Apr 4, 2024 Last action Jun 3, 2024
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jun 3, 2024
Committee
Reported and Referred to Assembly Appropriations Committee
lower
Apr 4, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Higher Education Committee
lower
2 primary · 4 co-sponsors

Sponsors