New Jersey Administrative Code
Title 9A - HIGHER EDUCATION
Chapter 10 - STUDENT LOAN AND COLLEGE SAVINGS PROGRAMS
Subchapter 2 - SOCIAL SERVICES STUDENT LOAN REDEMPTION PROGRAM
Section 9A:10-2.8 - Termination or suspension of the participant's employment service obligation and cancellation of the loan redemption contract by the Authority
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The Authority shall terminate the participant's employment service obligation and cancel the loan redemption contract if it determines:
(b) The Authority may suspend the participant's employment service obligation and the loan redemption contract if it determines, on the basis of substantiating documentation as may be deemed necessary by the Authority upon specific case review, that continued enforcement of the employment service obligation may result in extreme hardship for the participant.
(c) Suspension or cancellation of the participant's loan redemption contract by the Authority does not suspend or cancel the program participant's student loan obligations. The participant assumes full responsibility for repayment of the full amount of his or her loan(s) or that portion of the loan(s) that has not been redeemed by the State in return for partial fulfillment of the four-year contract.
(d) The Higher Education Student Assistance Authority shall have final decision making authority to terminate a program participant's employment service obligation and cancel the loan redemption contract.