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NJ S3696
NJ S3696Requires institutions of higher education and certain proprietary institutions to notify Higher Education Student Assistance Authority of approved federal borrower defense loan discharge.
summary
Introduced
09/30/2024
09/30/2024
In Committee
10/10/2024
10/10/2024
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 (for-profit colleges) to notify the New Jersey Higher Education Student Assistance Authority (HESAA) when a former or current student is approved for federal "borrower defense" loan discharge. Borrower defense is a federal provision that allows students to have federal student loans forgiven if the school engaged in misconduct. The bill also requires the institutions to inform HESAA if the student was a New Jersey resident at the time of enrollment.
Committee Categories
Education
Sponsors (1)
Last Action
Reported from Senate Committee with Amendments, 2nd Reading (on 10/10/2024)
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/S3696 |
| BillText | https://pub.njleg.gov/Bills/2024/S4000/3696_R1.HTM |
| Analysis - Statement SHI 10/10/24 | https://pub.njleg.gov/Bills/2024/S4000/3696_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S4000/3696_I1.HTM |
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