This bill mandates that both public and private institutions of higher education, as well as qualifying government employers in New Jersey, provide specific information regarding the Public Service Loan Forgiveness (PSLF) program to students and employees who may be eligible. Institutions must inform students with outstanding federal student loan debt about the PSLF program during the academic semester prior to their expected graduation and again during the semester in which they apply to graduate. Similarly, government employers are required to provide information about the PSLF program during the explanation of benefits at the start of employment and at least once a year thereafter.

The information provided must include details on potential eligibility for the PSLF program, the program's Internet address, and the eligibility requirements, which encompass employment with a qualifying employer, a minimum work schedule of 30 hours per week, an outstanding balance of federal student loans, repayment under an eligible plan, and the completion of 120 on-time payments. The bill also stipulates that the information can be disseminated electronically, by regular mail, or in person, with the Secretary of Higher Education and the Commissioner of Labor and Workforce Development responsible for creating a model format for this information.