• Views: in the last
  • 27Week
  • 23Month
  • 262Total

  • NJ S743
  • Directs Higher Education Student Assistance Authority to forgive certain student loans in the event of student borrower's death or total and permanent disability and grant deferment for temporary total disibility.*
In Committee
Crossed Over
2016-2017 Regular Session
This bill directs the Higher Education Student Assistance Authority (HESAA) to forgive student loans offered through the New Jersey College Loans to Assist State Students (NJCLASS) Loan Program in the event of a student borrower's death. NJCLASS Loans are awarded by HESAA and may be used by undergraduate and graduate students to pay for school-related expenses including tuition and fees, books, supplies, and room and board. Under the program, if a borrower dies while the loan is still in repayment, a person who cosigned the loan (such as a parent) will assume responsibility for the debt's repayment. Student loans obtained through the federal government are generally discharged in the event of the borrower's death. This bill provides that, in the event of an NJCLASS student borrower's death, HESAA must fully discharge the obligation of the student borrower and a parent or guardian who cosigned the loan. Under the bill, the executor or administrator of the student borrower's estate must provide written notification to the authority of the student borrower's death and must provide the authority with a certified copy of the death certificate within 120 days of the student borrower's death.
2nd Reading in the Senate, 2nd Reading in the Senate to Concur with Assembly Amendments, Bills and Joint Resolutions Signed by the Governor, Budget and Appropriations, Health, Human Services and Senior Citizens, Passed Assembly, Passed both Houses
Approved P.L.2016, c.71.  (on 12/5/2016)
Date Chamber Action Description
12/5/2016 S Approved P.L.2016, c.71.
10/20/2016 S Passed Senate (Passed Both Houses) (34-0)
9/15/2016 S Received in the Senate, 2nd Reading on Concurrence
9/15/2016 A Passed by the Assembly (66-0-7)
9/15/2016 A Substituted for A2761 (ACS)
9/15/2016 A Assembly Floor Amendment Passed (Mazzeo)
9/15/2016 A Received in the Assembly without Reference, 2nd Reading
9/15/2016 S Passed by the Senate (33-1)
9/8/2016 S Reported from Senate Committee, 2nd Reading
8/8/2016 Senate Higher Education Hearing (13:00 8/8/2016 Committee Room 4, 1st Floor)
7/29/2016 S Transferred to Senate Higher Education Committee
1/12/2016 S Introduced in the Senate, Referred to Senate Health, Human Services and Senior Citizens Committee
Date Motion Yea Nay Other
Detail 10/20/2016 Senate Floor: Amend 34 0 6
Detail 9/15/2016 Assembly Floor: Substitute For A2761 Acs (Voice Vote) 0 0 0
Detail 9/15/2016 Assembly Floor: Third Reading - Final Passage 66 0 14
Detail 9/15/2016 Senate Floor: Third Reading - Final Passage 33 1 6
Detail 8/8/2016 Senate Higher Eduction Committee: Reported Favorably 4 0 1