New Jersey A2330 allows county improvement authorities to create student loan refinancing programs.

New Jersey A2330 permits county improvement authorities to establish student loan refinancing programs for certain borrowers. Eligible borrowers include student-borrowers who are county residents and parent-borrowers who are New Jersey residents or have primary employment in the state and are the obligor on a student loan for a county resident student. The refinancing loans must be made at a lower interest rate. The authority sets the interest rate and other terms, provided they are sufficient to cover the principal and interest on any bonds issued for the program.

New Jersey A2330 allows county improvement authorities to create student loan refinancing programs.

New Jersey A2330 permits county improvement authorities to establish student loan refinancing programs for certain borrowers. Eligible borrowers include student-borrowers who are county residents and parent-borrowers who are New Jersey residents or have primary employment in the state and are the obligor on a student loan for a county resident student. The refinancing loans must be made at a lower interest rate. The authority sets the interest rate and other terms, provided they are sufficient to cover the principal and interest on any bonds issued for the program.