The New Jersey Senate has advanced bills sponsored by Senate Republican Leader Tom Kean and Senator Robert Singer requiring HESAA to cease aggressive collection practices and establish programs that will enable borrowers to afford to pay back their student loans.
Senator Kean’s bill, S-2510, requires the Higher Education Student Assistance Authority (HESAA) to obtain a court order prior to using certain collection practices for defaulted loans under the NJCLASS Loan Program.
“I have heard from far too many hardworking college graduates who fell victim to aggressive loan collection practices,” Senator Kean said. “We don’t want to discourage more students from applying to college. HESAA should not be able to engage in drastic measures, such as garnishing wages or revoking professional licenses, without some measure of accountability. Requiring HESAA to get a court order before taking these actions is the right and fair thing to do. ”
Legislation sponsored by Senator Robert Singer (R-Ocean, Monmouth) to find new ways to promote and improve New Jersey’s tourism destinations was advanced by the Senate State Government, Wagering, Tourism and Historic Preservation Committee.
“New Jersey has the attractions and facilities it needs to draw in people from across the country and around the world. We have the best beaches, amazing amusement parks and some absolutely world class sporting facilities,” Senator Singer said. “But to grow our tourism economy we need more than just nice attractions. We need to promote our state for things like convention and agricultural tourism. If we take a closer look, I think we’ll be able to show people that we are more than just a great place to spend your summer vacation.”
The Higher Education Student Assistance Authority (HESAA) would be required to establish an income-based loan repayment option as well as a loan rehabilitation program under legislation sponsored by Senator Robert Singer (R-Monmouth, Ocean.) The bill, S-2573, has cleared the Senate Budget and Appropriations Committee.
“Borrowers who are committed to rehabilitating a defaulted loan should have the opportunity to do so,” Senator Singer added. “That’s why the program established under this bill is so important. No one should be forced to declare bankruptcy at the age of 26 to regain some semblance of financial stability. Requiring HESAA to notify national credit bureaus once a loan has been rehabilitated will ensure the agency keeps its promise to those borrowers, too.”
Senate Committee Passes Kean & Singer Bills to Protect Students with NJCLASS College Loans Overseen by HESAA
The Senate Higher Education Committee has advanced two Senate Republican bills to protect students with NJ CLASS loans overseen by the Higher Education Student Assistance Authority (HESAA.)
Senator Robert Singer’s bill would require HESAA to establish a new income-based repayment option and a loan rehabilitation program for NJ CLASS borrowers. Senate Republican Leader Tom Kean’s bill would require HESAA to obtain a court order prior to using certain collection practices for defaulted loans.
“College students should be focused on making the most of their degree by finding a career that will allow them to gain financial independence,” Senator Singer (R-Monmouth, Ocean) said. “Instead, more and more graduates are using their hard-earned dollars to climb out from under a mountain of debt. Requiring HESAA to establish a fair, income-based loan rehabilitation program will enable recent grads to save for the future and funnel the money they can afford to spend on a starting salary back into the local economy.”
In Wake of NJ & NYC Bombings, Singer Bill Would Require Law Enforcement to Develop Security Plans for Large Crowd Events
In the wake of terror attacks in Elizabeth and Seaside Park, Senator Robert Singer (R-Monmouth, Ocean) will introduce legislation requiring local law enforcement to work with state agencies to develop security plans to preserve public safety during events that attract large crowds.
“In 2003, my daughter Sarri was injured and 16 were killed when a terrorist with a bomb attacked the bus she was riding in Jerusalem, so I understand the lasting impact terrorism can have on innocent people and their families,” Senator Singer said. “Last weekend’s bombing in Seaside Park was a stark reminder that unless we enact proper security protocols here in New Jersey, we may be putting lives at risk. This bill will ensure that procedures are in place to keep residents and spectators safe at large events.”
Legislation sponsored by Senator Robert Singer (R-Monmouth, Ocean) to create a task force that will study New Jersey’s biotechnology industry and find ways to expand it has been signed into law by Governor Chris Christie.
The resolution, SJR-57, creates the “New Jersey Biotechnology Task Force” in order to improve communication between state government and the industry and to find ways to help retain and attract biotechnology companies to the state. According to BioNJ, Inc., the industry directly provides more than 60,000 jobs and more than $1.5 billion in tax revenue to the state.
Now Law: Singer Bill to Fund $11.5 Million of NJEIT Clean Water Projects in Sea Girt & South Monmouth
Legislation co-sponsored by Senator Robert Singer (R-Monmouth, Ocean) to provide $411 million for environmental infrastructure projects across New Jersey has been signed into law by Governor Chris Christie. Nearly $12 million will fund projects to repair infrastructure and protect clean water in Sea Girt and South Monmouth.
“Storm infrastructure in Sea Girt and Southern Monmouth County sustained serious damage in Superstorm Sandy,” Senator Singer said. “Without the $11.6 million awarded to this community, it is likely that the pumping stations and drainage systems damaged during Sandy would continue to go unrepaired. This legislation will ensure that municipalities are better prepared for future storms, while protecting clean drinking water for residents statewide.”
The following editorial by Senator Robert Singer (R-30) on reforming the state’s flawed school funding formula was published by the Asbury Park Press on August 18, 2016:
A recent Asbury Park Press article on Governor Christie’s proposed “Fairness Formula” questioned if his plan to treat all New Jersey students equally would hurt New Jersey.
As proof that it would, a professor from the University of Nevada pointed to other states that are attempting to make their school funding systems more like ours.
Such comparisons are unwise, as are attempts by those states to replicate the flawed school funding logic that the New Jersey Supreme Court has forced upon Garden State taxpayers and students for the past 30 years.
Legislation sponsored by Senator Robert Singer (R-Monmouth, Ocean) to create a new task force that will study ways to expand New Jersey’s biotechnology industry passed the New Jersey Senate.
The resolution, SJR-57, creates the “New Jersey Biotechnology Task Force” to improve communication between state government and the biotechnology industry and to find ways to help retain and attract new biotechnology companies to the state. According to BioNJ, Inc., the industry directly provides more than 66,000 jobs and more than $1.5 billion in tax revenue to the state.
Legislation sponsored by Senator Robert Singer (R-Monmouth, Ocean) and Senator Tom Kean (R-Union, Morris, Somerset) to make more students aware of their possible eligibility for the New Jersey Student Tuition Assistance Reward Program Scholarship (NJ STARS) passed the New Jersey Senate.
“The cost of college is only getting higher, and NJ STARS offers students a chance to attend college without weighing them down with debt for years to come,” Senator Singer said. “If we can connect more students with the money available to them, we’ll make college more affordable and keep more of our brightest students in the state.”