A3848 — Establishes maximum rate of interest for New Jersey College Loans to Assist State Student Loan Program; establishes protections for private student loan borrowers.

A3848 — Establishes maximum rate of interest for New Jersey College Loans to Assist State Student Loan Program; establishes protections for private student loan borrowers. · Informed CitizenryThis bill amends the New Jersey College Loans to Assist State Students (NJCLASS) Loan Program to establish a maximum interest rate of three percent for loans disbursed on or after the effective dat…Open in Informed Citizenry