Originally Published by Office of the NJ Governor
Acting Governor Sheila Oliver, joined by Higher Education Student Assistance Authority Executive Director David Socolow, Department of Banking and Insurance Commissioner Marlene Caride, and Deputy Secretary of Higher Education Diana Gonzalez, today signed two bills into law to provide clear and comprehensible financial information to students and protect student borrowers. The first law (S2046) requires institutions of higher education to improve transparency of tuition and fees by providing a financial aid “shopping sheet” to prospective students. This college financing worksheet, or “shopping sheet,” will provide clear information on costs, loan options, and estimated debt levels, so students and their families can better understand the net price of attending college and can more easily compare financial aid package offers from institutions across New Jersey. The prime sponsors of this bill are Senator Shirley Turner, Assemblywoman Pamela Lampitt, Assemblyman Gary Schaer, and Assemblyman Raj Mukherji.
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