NJ Senate Passes Bill That Essentially Says "Know Before You Owe"


NJ Senate Passes Bill That Essentially Says "Know Before You Owe"

Oct, 25th 2016

Student debt has been a hot topic at the State Legislature of late, with several bills for reform being introduced and discussed in committees, and moving forward towards their adoption. Bill S-591 would require colleges and universities to provide information packages, or "financial aid shopping sheets," that help potential students understand the gravity of the debt they might be taking on.

The sheets would give prospective students "certain cost, loan, and debt information," according to the bill. NJ State Senator Sandra Cunningham, who represents Jersey City, said students and parents should be well-informed of how much education is going to cost them. “Parents may not have gone to college so they might not know what they’re paying for and what is available,” she said.

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