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  • NJ S2578
  • Revises New Jersey College Loans to Assist State Students Loan Program to require applicants first exhaust federal student loans, require income verification, and limit total student loan amounts.
Introduced
(9/26/2016)
In Committee
(1/12/2017)
Crossed Over
(6/8/2017)
Passed
(6/26/2017)
Signed
(8/7/2017)
Dead/Failed/Vetoed
2016-2017 Regular Session
This bill makes three changes to the New Jersey College Loans to Assist State Students (NJCLASS) Loan Program. First, it requires that the Higher Education Student Assistance Authority (HESAA) verify the financial information reported by a borrower or cosigner on an NJCLASS loan application. Second, it mandates that a student borrower, prior to receiving an NJCLASS loan, borrows the maximum amount available to the student under the federal Direct Subsidized and federal Direct Unsubsidized loan programs. Last, it provides that a student borrower's total loans under NJCLASS may not exceed $200,000.
2nd Reading in the Assembly, 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, Passed Assembly, Passed both Houses, Passed Senate
Approved P.L.2017, c.198.  (on 8/7/2017)
 
 

Date Chamber Action Description
8/7/2017 S Approved P.L.2017, c.198.
6/26/2017 S Passed Senate (Passed Both Houses) (39-0)
6/12/2017 S Received in the Senate, 2nd Reading on Concurrence
6/8/2017 A Passed by the Assembly (76-0-0)
6/8/2017 A Substituted for A4239 (1R)
1/12/2017 A Reported out of Assembly Comm. with Amendments, 2nd Reading
1/12/2017 Assembly Higher Education Hearing (10:00 1/12/2017 Committee Room 15, 4th Floor)
10/20/2016 A Received in the Assembly, Referred to Assembly Higher Education Committee
10/20/2016 S Passed by the Senate (37-0)
10/20/2016 S Emergency Resolution (36-0) (Cunningham)
10/20/2016 S Senate Amendment (33-0) (Singer)
10/13/2016 S Reported from Senate Committee, 2nd Reading
10/13/2016 Senate Budget and Appropriations Hearing (11:00 10/13/2016 Committee Room 4, 1st Floor)
9/29/2016 S Referred to Senate Budget and Appropriations Committee
9/29/2016 S Reported from Senate Committee, 2nd Reading
9/29/2016 Senate Higher Education Hearing (10:00 9/29/2016 Committee Room 7, 2nd Floor)
9/26/2016 S Introduced in the Senate, Referred to Senate Higher Education Committee
Date Motion Yea Nay Other
Detail 6/8/2017 Assembly Floor: Substitute For A4239 Aca (Voice Vote) 0 0 0
Detail 6/8/2017 Assembly Floor: Third Reading - Final Passage 76 0 4
Detail 1/12/2017 Assembly Higher Education Committee: Reported with Amendments 9 0 0
Detail 10/20/2016 Senate Floor: Amend 33 0 7
Detail 10/20/2016 Senate Floor: Third Reading - Final Passage 37 0 3
Detail 10/20/2016 Senate Floor: Enact Emergency Clause 36 0 4
Detail 10/20/2016 Senate Floor: Second Reading (Voice Vote) 0 0 0
Detail 10/13/2016 Senate Budget and Appropriations Committee: Reported Favorably 13 0 0
Detail 9/29/2016 Senate Higher Eduction Committee: Reported Favorably 4 0 1