NJ colleges mandate ‘shopping sheets’ for student loans

Starting this fall, students of all New Jersey public and private colleges will receive, by law, a

Starting this fall, students of all New Jersey public and private colleges will receive, by law, a one-stop listing of their costs, estimated debt and loan options in a financial aid higher education “shopping sheet.”

The shopping sheet has been available to prospective students since 2019, when Gov. Phil Murphysigned into law a bill that requires state higher education institutions to provide the information to all prospective students. From this year on, the sheets must be made available to all enrolled students in addition to incoming freshmen. Students can expect to see a broad overview of what they will owe annually in their accounts for each year they are in school.

Democratic state Sen. Shirley Turner championed the bills in the Legislature. She said theidea for the shopping sheets grewfrom seeing “sticker shock” on the faces of graduating college students.


https://www.northjersey.com/story/news/2021/10/11/nj-colleges-mandate-shopping-sheets-student-loans/6053353001/