Bill Text: NJ S743 | 2016-2017 | Regular Session | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Directs Higher Education Student Assistance Authority to forgive certain student loans in the event of student borrower's death or total and permanent disability and grant deferment for temporary total disibility.*
Spectrum: Strong Partisan Bill (Democrat 29-3)
Status: (Passed) 2016-12-05 - Approved P.L.2016, c.71. [S743 Detail]
Download: New_Jersey-2016-S743-Amended.html
Bill Title: Directs Higher Education Student Assistance Authority to forgive certain student loans in the event of student borrower's death or total and permanent disability and grant deferment for temporary total disibility.*
Spectrum: Strong Partisan Bill (Democrat 29-3)
Status: (Passed) 2016-12-05 - Approved P.L.2016, c.71. [S743 Detail]
Download: New_Jersey-2016-S743-Amended.html
STATEMENT TO
SENATE, No. 743
with Assembly Floor Amendments
(Proposed by Assemblyman MAZZEO)
ADOPTED: SEPTEMBER 15, 2016
These Assembly floor amendments provide that the Higher Education Student Assistance Authority will forgive student loans under the NJCLASS Loan Program in the event of the student borrower's total and permanent disability. The bill in its original form only required loan forgiveness in the event of the death of a student borrower. The amendments also require the authority to grant a deferment of payment of loan principal and interest in the event that a student borrower becomes temporarily totally disabled.
