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HESAA Cuts Ties with National Trade Association
4/9/2018 | General

Trenton, NJ – The New Jersey Higher Education Student Assistance Authority (HESAA) announced today that it is canceling its membership affiliation with the National Council of Higher Education Resources (NCHER), a national trade association.

As a New Jersey State Authority, HESAA is choosing not to contribute its resources to support an organization that seeks to preempt state oversight of student loan servicers.  "On behalf of New Jersey's students and families, we are taking a stand against NCHER's efforts to lobby against states’ ability to protect student borrowers," said David Socolow, HESAA's Executive Director. "We do not support NCHER's goal of federal preemption that would make it more difficult for New Jersey to regulate servicers of student loans.”

HESAA is the sole agency responsible for providing New Jersey students and families with the financial information and resources to pursue higher education.