S 929 New Jersey Senate · 2024-2025 Regular Session

Requires institutions of higher education and government employers to provide certain students and employees with information about Public Service Loan Forgiveness program.

This New Jersey bill (S 929) requires public and private colleges/universities to inform students with federal student loans about the Public Service Loan Forgiveness (PSLF) program during their final academic semesters. It also mandates that state government employers provide employees with PSLF information at hiring and annually thereafter. The required information includes eligibility details (like needing 120 qualifying payments while working full-time for a qualifying employer), the program’s website, and specific loan requirements. This aims to increase awareness of a federal program that forgives student loans after 10 years of public service work. The bill does not change PSLF rules but ensures students and employees receive clear, timely information about the program.
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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Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Education Committee
upper
1 primary · 1 co-sponsor

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