Bill
Bill > S1625
NJ S1625
Requires annual report on New Jersey College Loans to Assist State Students (NJCLASS) Loan Program to include information on borrower delinquency and administrative wage garnishments.
summary
Introduced
01/09/2024
01/09/2024
In Committee
03/04/2024
03/04/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
Requires annual report on New Jersey College Loans to Assist State Students (NJCLASS) Loan Program to include information on borrower delinquency and administrative wage garnishments.
AI Summary
This bill amends an existing law to require the New Jersey Higher Education Student Assistance Authority (HESAA) to include additional information in its annual report on the New Jersey College Loans to Assist State Students (NJCLASS) Loan Program. Specifically, the report must now include data on borrower delinquency, the number of administrative wage garnishment orders initiated by HESAA, and the amount received from those orders. The bill also requires the report to provide information on the number of loan forgiveness and deferment requests received and the outcomes of those requests.
Committee Categories
Education
Sponsors (2)
Last Action
Reported from Senate Committee with Amendments, 2nd Reading (on 03/04/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/S1625 |
| BillText | https://pub.njleg.gov/Bills/2024/S2000/1625_R1.HTM |
| Analysis - Statement SHI 3/4/24 | https://pub.njleg.gov/Bills/2024/S2000/1625_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S2000/1625_I1.HTM |
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