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NJ S3777
Bill
Status
Introduced
3/5/2026
Primary Sponsor
Angela Mcknight
Click for details
AI Summary
- NJCLASS student loan borrowers who become parents qualify for a 12-week deferment of both principal and interest payments
- Interest does not accrue during the 12-week deferment period
- Borrowers must submit proof of child's birth or adoption within 120 days of the birth or adoption
- The deferment period begins on the date the Higher Education Student Assistance Authority receives proof of birth or adoption
- Applies to eligible student borrowers under New Jersey's NJCLASS Loan Program
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 in the Senate, Referred to Senate Higher Education Committee
3/5/2026
Committee Referrals
Higher Eduction3/5/2026
Full Bill Text
No bill text available