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NJ AR103
NJ AR103Urges President and Congress of United States to continue federal Public Service Loan Forgiveness Program.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This resolution urges the President and Congress of the United States to continue the federal Public Service Loan Forgiveness (PSLF) Program and opposes the proposal contained in President Donald Trump's Fiscal Year 2021 Budget, as introduced, to eliminate the program. If ultimately enacted by Congress, the move to eliminate the PSLF program would take away a valuable benefit for public service employees. The PSLF program, codified in federal statute at 20 U.S.C. s.1087e, was established in 2007 and was intended to encourage individuals to enter and continue careers in public service by offering the promise of student loan debt forgiveness for eligible public servants. To be eligible for loan forgiveness under the PSLF program, an individual is required to: be working full-time for a federal, state, local, or tribal government or not-for-profit organization; not be in default on his or her loans; be a borrower of a loan received under the William D. Ford Federal Direct Loan Program; be repaying his or her loans through an income-driven repayment plan; and make 120 on-time monthly loan payments for the full amount due on his or her bill after October 1, 2007. The most recent PSLF program data released by the Office of Federal Student Aid indicate that, as of December 31, 2019, a total of 1,565 unique borrowers have received a discharge under the PSLF program, with approximately $100 million being forgiven. The PSLF program plays a pivotal role in allowing and incentivizing individuals across the country to seek careers in critical public sector jobs, including teachers, military service members, public sector attorneys, and providers of social services and medical services. Eliminating the PSLF program entirely would not only deter many individuals from pursuing a desired career path in public service, but would also eradicate an important recruitment tool for public sector employers.
AI Summary
This concurrent resolution urges the President and Congress of the United States to continue the federal Public Service Loan Forgiveness (PSLF) Program, which was established in 2007 to encourage people to work in public service by forgiving student loan debt after 120 qualifying on-time payments while working full-time for a government or non-profit organization. The resolution specifically opposes a proposal in President Trump's Fiscal Year 2021 Budget to eliminate the program, arguing that doing so would remove a significant benefit for public servants like teachers, military members, and healthcare providers, and would hinder recruitment for these essential roles, despite acknowledging past implementation issues with the program.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced, Referred to Assembly Higher Education Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/AR103 |
| BillText | https://pub.njleg.gov/Bills/2026/AR/103_I1.HTM |
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