S 1779 New Jersey Senate · 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 (S 1779) requires New Jersey's Higher Education Student Assistance Authority to grant a 12-week pause on principal and interest payments for eligible NJCLASS student loan borrowers who become parents. To qualify, borrowers must submit proof of a child's birth or adoption within 120 days of the event, and the payment pause begins on the date the proof is received. During this 12-week period, no interest accrues on the loan. The bill directly affects new parents with NJCLASS loans, providing temporary financial relief during the initial adjustment period after a child's birth or adoption.
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
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Total actions
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Committee
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Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Higher Education Committee
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Angela McKnight
Angela McKnight
DDemocratic
NJ
31