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 the New Jersey Higher Education Student Assistance Authority to allow eligible NJCLASS loan borrowers to pause their loan payments for 12 weeks after becoming a parent. To qualify, students must submit proof of their child's birth or adoption within 120 days of the event, and the deferment period begins once the authority receives this documentation. During the 12-week pause, borrowers do not need to make payments on the loan principal, and interest will not accumulate on the debt. The measure directly affects current NJCLASS loan holders in New Jersey who have recently had a child through birth or adoption.