New Jersey A2097 allows deferment of NJCLASS student loan payments for new parents.

New Jersey A2097 requires the Higher Education Student Assistance Authority to grant a 12-week deferment of New Jersey College Loans to Assist State Students (NJCLASS) loan payments for eligible student borrowers who become parents. To qualify, the borrower must provide proof of the child’s birth or adoption within 120 days. The deferment begins on the date the proof is received and ends 12 weeks later, with no interest accruing during this period.

New Jersey A2097 allows deferment of NJCLASS student loan payments for new parents.

New Jersey A2097 requires the Higher Education Student Assistance Authority to grant a 12-week deferment of New Jersey College Loans to Assist State Students (NJCLASS) loan payments for eligible student borrowers who become parents. To qualify, the borrower must provide proof of the child’s birth or adoption within 120 days. The deferment begins on the date the proof is received and ends 12 weeks later, with no interest accruing during this period.