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NJ S3696
Bill
Status
Introduced
9/30/2024
Primary Sponsor
Joseph Cryan
Click for details
AI Summary
- Institutions of higher education and licensed proprietary institutions must promptly notify the Executive Director of the Higher Education Student Assistance Authority when a current or former student receives federal borrower defense loan discharge approval
- Institutions must also inform the executive director whether the student was a New Jersey resident at the time of enrollment
- The requirement applies to notifications received from the United States Department of Education regarding approved borrower defense loan discharges
- Takes effect immediately upon enactment
Legislative Description
Requires institutions of higher education and certain proprietary institutions to notify Higher Education Student Assistance Authority of approved federal borrower defense loan discharge.
2nd Reading in the Senate
Last Action
Reported from Senate Committee with Amendments, 2nd Reading
10/10/2024
Committee Referrals
Higher Eduction9/30/2024
Full Bill Text
No bill text available