New Jersey S1645 mandates the Higher Education Student Assistance Authority to include additional data on borrower delinquency and administrative.
New Jersey S1645 amends the annual report requirements for the New Jersey College Loans to Assist State Students (NJCLASS) Loan Program. The bill requires the Higher Education Student Assistance Authority to include details on borrower delinquency, such as the number of loans reaching 90 days of delinquency and those that did not default due to collections through administrative wage garnishment. It also mandates reporting on the number of administrative wage garnishment orders initiated and the total and median amount received from these orders.
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