Directs Higher Education Student Assistance Authority to grant deferment of New Jersey College Loans to Assist State Students (NJCLASS) student loan payments to new parent.

Also relevant to:Student / education borrower

Where it is in the process

Plain-English Summary

This bill allows student borrowers in the NJCLASS Loan Program to pause loan payments for 12 weeks after having or adopting a child. To get this pause, borrowers must show proof of the birth or adoption within 120 days. During this 12-week period, no interest will be added to the loan.

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