NJ A2693

Directs the Commission on Higher Education to select one or more public institutions to participate in an equity financing for education program offering income-contingent tuition financing

Allows undergraduate and graduate students to defer payment of all or a portion of tuition and covered expenses until after completing their education

Requires participating students to repay by paying a fixed percentage of their post-graduation income over a fixed number of years, with total repayment potentially being more, less, or equal to deferred costs

Mandates participating institutions establish contract terms including income percentage for repayment, repayment period length, deferral/cancellation conditions, and default provisions

Permits institutions to partner with third-party investors to cover program costs during the deferment period in exchange for a share of future student repayments