This bill mandates that institutions of higher education and 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 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 annually thereafter.

The information distributed by both institutions and employers can be provided in various formats, including electronically, by regular mail, or in person. The bill also stipulates that the executive director of the Higher Education Student Assistance Authority and the Commissioner of Labor and Workforce Development will create a model format for the information to ensure consistency. The provisions for institutions will take effect immediately, while those for government employers will be applicable 90 days after enactment. This initiative aims to enhance awareness of the PSLF program among eligible individuals, thereby facilitating access to potential loan forgiveness for those who have dedicated time to public service.