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NJ S1487
Bill
Status
1/13/2026
Primary Sponsor
Joseph Cryan
Click for details
AI Summary
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Institutions of higher education and proprietary institutions licensed to offer academic degrees must notify the Executive Director of the Higher Education Student Assistance Authority when they receive notice from the U.S. Department of Education that a student has been approved for federal borrower defense loan discharge.
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Institutions must also inform the Executive Director whether the student was a New Jersey resident at the time of enrollment.
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The notification requirement applies to both current and former students who receive borrower defense loan discharge approval.
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The bill would take 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.
Higher Education
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee
1/13/2026