Requires Higher Education Student Assistance Authority to consider combined income of all cosigners on application for participation in New Jersey College Loans to Assist State Students (NJCLASS) Loan Program.

This bill (A3654) requires New Jersey's Higher Education Student Assistance Authority to consider the combined income of all cosigners when determining eligibility for the NJCLASS loan program. It directly affects students who need cosigners (such as parents or legal guardians) to qualify for these state-backed loans, particularly those with multiple cosigners whose individual incomes alone might not meet the threshold. The key provision amends the program’s rules to mandate that the Authority use the total income from all cosigners - not just one - when evaluating minimum income requirements for applicants. This change aims to make the program more accessible to students with cosigners whose combined financial resources exceed the current individual income standard.