New Jersey § 18a:3b-101
Full text of New Jersey New Jersey Statutes § 18a:3b-101, with citation guidance and answers to common questions.
§ 18a:3b-101.
a. During the academic semester in which a student is scheduled to graduate, an institution
of higher education shall provide each student who has outstanding student loan debt
with information on federal and State of New Jersey income-contingent student loan
repayment programs. The institution shall provide the student with the information in either: (1) an in-person exit interview, which may include a remote or virtual interview;
or (2) a document sent to the student both electronically and by regular mail. The Secretary of Higher Education shall prescribe a model format for the document
required by this subsection. b. In addition to information on federal and State income-contingent student loan
repayment programs as required pursuant to subsection a. of this section, the institution,
during the exit interview or in the document, shall provide each student with information
on the following: (1) an estimate of the total amount of the student's loan debt; (2) an estimate of the potential total payoff amount of the student loans incurred
or a range of the total payoff amount; and (3) an estimate of monthly repayment amounts that a similarly situated borrower may
incur, including principal and interest, for that amount of student loan debt. The information provided pursuant to paragraphs (1), (2), and (3) of this subsection
shall only pertain to the debt, payoff amount, and monthly repayment amounts certified
while the student attended the institution and may include a statement that the estimates
and ranges provided are general in nature and not meant as a guarantee or promise
of the actual projected amount. An institution shall not incur liability for any representations made pursuant to
this subsection.
Frequently Asked Questions About New Jersey § 18a:3b-101
What does New Jersey Statutes § 18a:3b-101 cover?
Section 18a:3b-101 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 18a:3b-101?
A common citation format is "New Jersey Statutes § 18a:3b-101" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 18a:3b-101 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.