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NJ A4869
Bill
Status
9/26/2024
Primary Sponsor
Verlina Reynolds-Jackson
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AI Summary
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Phases out State tuition aid grants for students at proprietary (for-profit) institutions beginning with the 2026-2027 academic year, limiting future grants to only those students who received awards before that year
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Redefines "eligible institution" for tuition aid grants to include only county colleges, public research universities, State colleges, and independent (nonprofit) institutions, excluding proprietary institutions
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Students already receiving tuition aid grants at proprietary institutions before 2026-2027 may continue receiving awards until they exhaust their eligibility under existing time limits
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Redirects estimated funds that would have gone to proprietary institution students to instead fund summer tuition aid grants for students at eligible institutions starting in 2026-2027
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Requires eligible institutions to annually report graduation rates (and transfer rates for county colleges) of tuition aid grant recipients to the Higher Education Student Assistance Authority for public posting
Legislative Description
Phases out State tuition aid grants for students enrolled in proprietary institutions of higher education; redirects State tuition aid grant funding for students enrolled in proprietary institutions to summer tuition aid grant program.
Higher Education
Last Action
Introduced, Referred to Assembly Higher Education Committee
9/26/2024