STATE OF NEW JERSEY
222nd LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION
Sponsored by:
Senator JOSEPH P. CRYAN
District 20 (Union)
SYNOPSIS
Requires institutions of higher education and certain proprietary institutions to notify Higher Education Student Assistance Authority of approved federal borrower defense loan discharge.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act concerning student loan discharge and supplementing Title 18A of the New Jersey Statutes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. An institution of higher education or a proprietary institution licensed to offer academic degrees which receives notice from the United States Department of Education that a former or current student is approved for borrower defense loan discharge pursuant to federal law shall promptly notify the Executive Director of the Higher Education Student Assistance Authority. The institution shall also inform the executive director if the student was a resident of the State at the time of the student’s enrollment in the institution.
2. This act shall take effect immediately.
STATEMENT
This bill requires institutions of higher education and proprietary institutions licensed to offer academic degrees to notify the Higher Education Student Assistance Authority of approved federal borrower defense loan discharge.
Under the bill, an institution which receives notice from the United States Department of Education that a former or current student is approved for borrower defense loan discharge under federal law is required to promptly notify the Executive Director of the Higher Education Student Assistance Authority. The institution is also required to inform the executive director if the student was a resident of the State at the time of the student’s enrollment in the institution.