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  • NJ A2761
  • Directs Higher Education Student Assistance Authority to forgive certain student loans in the event of the borrower's death or total and permanent disability and grant deferment for temporary total disability.*
In Committee
Crossed OverPassedSignedDead/Failed/Vetoed
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 Assembly, Substituted by another Bill
Substituted by S743 (1R)  (on 9/15/2016)
Date Chamber Action Description
9/15/2016 A Substituted by S743 (1R)
9/8/2016 A Reported from Assembly Comm. as a Substitute, 2nd Reading
9/8/2016 Assembly Higher Education Hearing (10:00 9/8/2016 Committee Room 15, 4th Floor)
2/8/2016 A Introduced, Referred to Assembly Higher Education Committee
Date Motion Yea Nay Other
Detail 9/8/2016 Assembly Higher Education Committee: Reported with Substitution 8 0 1