Requires certain employers to provide certain employees with notifications concerning federal Public Service Loan Forgiveness program.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill requires certain employers in New Jersey that are designated as ‘qualifying employers’ under the federal Public Service Loan Forgiveness (PSLF) program to inform new employees about the program and its requirements. Specifically, employers must notify employees about their potential eligibility for PSLF and outline the steps needed to qualify, such as working for a qualifying employer, maintaining a certain work schedule, and making 120 qualifying loan payments. The goal is to ensure public service employees are aware of this benefit and how to access it.
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