NJ Politics Digest: Murphy Signs Laws to Aid Students in Debt

Governor Phil Murphy
New Jersey Governor Phil Murphy. Christoph Soeder/picture alliance via Getty Images

While cash-strapped New Jersey isn’t going to forgive student debt, it is making an effort to help students who are having difficulty paying off their loans.

As NJ.com reports, Gov. Phil Murphy on Thursday signed two bills to aid borrowers who have defaulted or are about to default on their student loans.

According to the report, one measure will allow borrowers in the NJCLASS program to make payments based on their income for 25 years, after which their loan will be forgiven. The second measure grants those who have already defaulted on their loans a path to bring the loan out of default, according to the report.

The report notes that in New Jersey, college is very expensive and many students wind up paying close to full price for their educations.

Quote of the Day: “Please don’t take this the wrong way. I have literally nothing else to add,” — Gov. Phil Muprhy, refusing to speak about Lizette Delgado-Polanco resigning as head of the Schools Development Authority amid a scandal about patronage hiring.

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NJ Politics Digest: Murphy Signs Laws to Aid Students in Debt