Bill
Bill > A4881
NJ A4881
NJ A4881Requires institutions of higher education and certain proprietary institutions to notify Higher Education Student Assistance Authority of approved federal borrower defense loan discharge.
summary
Introduced
10/17/2024
10/17/2024
In Committee
12/09/2024
12/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
Requires institutions of higher education and certain proprietary institutions to notify Higher Education Student Assistance Authority of approved federal borrower defense loan discharge.
AI Summary
This bill requires institutions of higher education and certain proprietary institutions to notify the Higher Education Student Assistance Authority (HESAA) when a former or current student is approved for federal borrower defense loan discharge. The institutions must also inform HESAA if the student was a resident of New Jersey at the time of enrollment. This bill aims to provide HESAA with information about students who have received federal loan discharges, which can be useful for the authority's oversight and assistance efforts.
Committee Categories
Education
Sponsors (4)
Last Action
Reported out of Assembly Comm. with Amendments, 2nd Reading (on 12/09/2024)
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/A4881 |
| BillText | https://pub.njleg.gov/Bills/2024/A5000/4881_R1.HTM |
| Analysis - Statement AHI 12/9/24 | https://pub.njleg.gov/Bills/2024/A5000/4881_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/A5000/4881_I1.HTM |
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