NJ A5336

Establishes the New Jersey County College Remissible Student Loan Program to provide loans covering tuition, approved educational fees, and textbooks not covered by grants or scholarships for county college students

Loans are completely forgiven if the student completes an associate degree program within three academic years or less

Eligible borrowers must be U.S. citizens or legal residents, New Jersey residents, enrolled at least part-time in a county college, and have applied for all available need-based grants and merit scholarships

Loans are fully discharged upon the death of the student borrower or if the borrower becomes totally and permanently disabled; payment deferment is available for temporary total disability

Appropriates $1 million from the General Fund to establish the New Jersey County College Remissible Student Loan Program Fund, which will also receive loan repayments, investment returns, and private contributions