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1. a. In order to assist borrowers who are facing economic hardships, the Higher Education Student Assistance Authority shall establish a Repayment Assistance Program for new loans originated under the Standard New Jersey College Loans to Assist State Students (NJCLASS) Loan Program beginning with the 2017-2018 academic year. Under the Repayment Assistance Program, eligible borrowers shall pay a reduced monthly loan payment equal to 10 percent of the total of the aggregate household income of all of the parties to the loan that exceeds 150 percent of the federal poverty guidelines, with a minimum monthly payment of $5.
b. Subject to the limits of funding made available pursuant to section 3 of this act, a borrower shall be eligible to participate in the Repayment Assistance Program for a period not to exceed two years. During the period of participation in the Repayment Assistance Program, the authority shall pay the interest on the NJCLASS loan at the stated loan rate and the payments made by the borrower shall be applied to reduce the principal balance of the loan. At the end of the borrower's participation in the Repayment Assistance Program, the new monthly repayment amount shall be recalculated based on the remaining principal balance of the loan, interest accruing thereon at the original stated loan rate, and the remaining length of the original term to repay the loan.
c. As used in this section, borrowers are determined to be facing an "economic hardship" if the monthly amount required to pay their Standard NJCLASS loans is higher than the monthly payment amount required under the Repayment Assistance Program established in this section.
L.2019, c.62, s.1.
Jun 29, 2023
Active
Essex County
Essex County, NJ
MER L 000825-15 06/11/2015 Pg 1 of3 Trans ID: LCV2017360178 SAL ) STEVENS & LEE 100 Lenox Drive, Suite 200 Lawrenceville, NJ 08648 …
Apr 14, 2015
Closed
Mercer County, NJ
Jun 11, 2015
Paul Innes
ESX-L-003700-22 04/25/2023 11:15:20 AM Pg 1 of 2 Trans ID: LCV20231359521 Daniel T. DiCicco (ID # 069742013) RONAN, TUZZIO & GIANNONE, P.C. One Hovchild Plaza 4000 Route 66, Suite 231 Tinton Falls, New Jersey 07753 (732) 922-3300 Attorneys for Defendants/Third-Party Plaintiffs, ORANGE, NEWARK, ELIZABETH BUS, INC. i/p/a “O.N.E. Bus, Inc.” and COACH USA, INC. i/p/a “Coach USA” File No. 101.14475 MKT CONCETTA BARBATO, SUPERIOR COURT OF NEW JERSEY …
Jun 23, 2022
Active
MID-L-005421-23 09/26/2023 3:36:34 PM Pglof7 Trans ID: LCV20232949949 Tan 2. Winograd - 041302016 PRESSLER, FELT & WARSHAW, LLP Debit Acct # 140275 Attorneys At Law Using reference # 231834767 7 Entin Rd. Parsippany, NJ …
OCN L 003482-17 01/29/2018 Pg 1 of 7 Trans ID: LCV2018173418 Steven Secare, Esq., Attorney I.D. No.: 279471972 JAN 7 ay i" SECARE & HENSEL 16 Madison Avenue Toms River, New Jersey 08753 (732) 349-2800 Attorneys for Defendants Township of Lakewood and Township Committee of the Township of Lakewood NEW JERSEY SHORE BUILDERS SUPERIOR COURT OF NEW JERSEY ASSOCIATION, A Non-Profit New Jersey LAW DIVISION…
HUD-DC-005794-18 07/20/2018 1:47:00 PM Pg 1 of 23 Trans ID: SCP20181616563 Amanda M Sneathen, Esquire (151532015) Keith A. Sparks, Esquire (166722016) Attorney for Stenger & Stenger, P.C. A professional corporation incorporated in the State of Michigan Attorneys for Plaintiff 2618 East Paris Ave SE, Grand Rapids, MI 49546 Court Inquiries: (877) 988-2280 Defendant Inquiries: (888) 305-7775 Our File No. RZ057987 ABSOLUTE RESOLUTIONS …
Hudson County, NJ
Jul 20, 2018
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