Requires annual report on New Jersey College Loans to Assist State Students (NJCLASS) Loan Program to include information on borrower delinquency and administrative wage garnishments.

Summary

The bill changes state law so the Higher Education Student Assistance Authority must add new statistics on loan delinquencies and wage‑garnishment collections to its yearly report. It affects the authority and NJCLASS borrowers by increasing transparency about defaults and collection actions. The added data are intended to help lawmakers monitor the program’s performance.

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