This bill mandates that institutions of higher education and qualifying government employers in New Jersey provide specific information about 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 semester before their expected graduation and again during their graduation semester. The information must include details on potential eligibility, the program's website, and the eligibility requirements as outlined in federal law. Similarly, qualifying government employers are required to provide information about the PSLF program to their employees during the initial explanation of benefits and at least once a year thereafter.

The bill aims to enhance awareness of the PSLF program, which offers loan forgiveness to individuals who have worked full-time in public service for ten years. The information provided by both institutions and employers can be delivered electronically, by regular mail, or in person, and must include any necessary details about the employer for completing the PSLF application. The executive director of the Higher Education Student Assistance Authority and the Commissioner of Labor and Workforce Development will create a model format for this information to ensure consistency and clarity. The provisions for institutions will take effect immediately, while those for employers will be implemented 90 days after the bill's enactment.