NEW JERSEY HIGHER EDUCATION STUDENT ASSISTANCE AUTHORITY (HESAA)
REQUEST FOR PROPOSALS FOR DEPOSITORY BANKING SERVICES
The Higher Education Student Assistance Authority (“HESAA” or the “Authority”) is soliciting proposals from qualified banks with a presence in New Jersey for depository banking services for its NJCLASS loan program. The Contractor must be a State or nationally chartered bank, with a branch presence in the State of New Jersey, and be in compliance with all Federal and New Jersey State laws governing all services to be awarded. In addition, the Contractor must be a member of an automated clearinghouse (ACH) association and be in compliance with all rules and regulations set by the National Automated Clearing House Association (NACHA), local ACH associations, and ACH operators. The Contractor must also be a member of the Federal Reserve direct wire system.
The Authority must receive proposals no later than 4:00 pm on September 24, 2025.
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