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Bill

A 2347

Requires certain employers to provide certain employees with notifications concerning federal Public Service Loan Forgiveness program.

2026-2027 Regular Session

Qualifying New Jersey employers must inform new hires during onboarding about the federal Public Service Loan Forgiveness program and its eligibility requirements.

Introduced, Referred to Assembly Labor Committee
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WeVote Research Nonpartisan
Bill Summary · A 2347

Summary of Bill A 2347 (Session 222) — New Jersey

Overview

  • Jurisdiction: New Jersey
  • Bill Title: Requires certain employers to provide certain employees with notifications concerning federal Public Service Loan Forgiveness program
  • Purpose: Require qualifying employers to inform employees, at the start of employment, about the federal Public Service Loan Forgiveness (PSLF) program and the requirements to qualify.

Main Purpose and Intent

  • Ensure employees of qualifying employers are aware of the PSLF program and what is needed to qualify.
  • Increase awareness of potential forgiveness opportunities for public service workers who have federal student loans.

Key Provisions

  1. Notification Requirement

    • An employer in New Jersey designated as a qualifying employer under PSLF must notify a new employee during the explanation of benefits (EOB) conducted at the beginning of employment.
    • The notification must cover:
      • Potential eligibility for the PSLF program.
      • Requirements to be eligible for PSLF, including but not limited to the items listed below.

  2. Eligibility Requirements (as part of the notification)

    • Employment with a qualifying PSLF employer.
    • A work schedule of at least 30 hours per week with the employer, or a schedule that meets the employer’s definition of full-time work, whichever is greater.
    • A balance with the William D. Ford Federal Direct Loan (Direct Loan) Program, or consolidation of other federal student loans into a Direct Loan.
    • Repayment of a Direct Loan under an income-driven repayment plan.
    • Payment of 120 monthly payments.

  3. Effective Date

    • The act takes effect immediately upon enactment.

Who Is Affected

  • Qualifying employers under the PSLF program operating in New Jersey.
  • New employees at those qualifying employers, who will receive the PSLF-related information during the initial explanation of benefits.

Procedural and Timeline Aspects

  • Intro/Referred: Introduced January 13, 2026; referred to Assembly Labor Committee.
  • Immediate Effect: Once enacted, required notifications would begin immediately for new hires during their initial EOB session.

Practical Implications

  • Employers designated as PSLF qualifying entities must implement and standardize PSLF-related notices in their onboarding EOB processes.
  • Employees may gain better understanding of PSLF eligibility and the steps needed to pursue loan forgiveness over time.
  • The bill does not alter PSLF program rules or funding; it only mandates informational notification at the start of employment.

Notes

  • The summary reflects the bill as text and statements provided, including the explicit eligibility elements listed in the bill. The bill emphasizes information disclosure rather than creating new PSLF benefits or obligations for employees or employers beyond notification.

Compiled from official sources — confirm details with the bill’s official record.

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