New Jersey A3111 mandates the Higher Education Student Assistance Authority to halt interest accrual on certain student loans during deferment or.
New Jersey A3111 requires the Higher Education Student Assistance Authority to suspend the accrual of interest on New Jersey College Loans to Assist State Students Loan Program loans for borrowers who apply for and are approved for deferment or forbearance due to temporary total disability, unemployment, or financial hardship between March 9, 2020 and September 9, 2020. This act aims to provide financial relief to students facing specific hardships during the specified period.
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- Legal Framework
- Critical Issues
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