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NJ A2097

Bill

Official Source

Status

Introduced

1/13/2026

Primary Sponsor

Linda Carter

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • New parents with NJCLASS student loans would receive a mandatory 12-week deferment of both principal and interest payments
  • Interest does not accrue during the deferment period, providing full payment relief
  • Borrowers must submit proof of birth or adoption to the Higher Education Student Assistance Authority within 120 days of the child's birth or adoption
  • The 12-week deferment period begins on the date the authority receives the required documentation
  • Applies to eligible student borrowers who become parents through either birth or adoption

Legislative Description

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.

Higher Education

Last Action

Introduced, Referred to Assembly Higher Education Committee

1/13/2026

Committee Referrals

Higher Education1/13/2026

Full Bill Text

No bill text available