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NJ S2933

Bill

Status

Introduced

3/7/2024

Primary Sponsor

Joseph Cryan

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Origin

Senate

2024-2025 Regular Session

AI Summary

  • Requires the Higher Education Student Assistance Authority (HESAA) to allow students to submit monthly expense and resource statements to verify income and assets when traditional documentation (tax returns, government agency records) is unavailable

  • Applies to students seeking State grants or scholarships whose income cannot be verified through federal/State agency documents, tax transcripts, or proof of public benefits like TANF, SSI, or SNAP

  • Requires HESAA to impute in-kind support amounts assuming a minimal standard of living when students report zero income and assets on their monthly expense and resource statements

  • Directs HESAA to promulgate regulations through the Administrative Procedure Act to implement these requirements

  • Takes effect immediately and applies starting with the first full academic year following enactment

Legislative Description

Requires Higher Education Student Assistance Authority to permit certain students to submit monthly expense and resource statement for income verification; requires Higher Education Student Assistance Authority to impute in-kind support amounts.

Higher Education

Last Action

Introduced in the Senate, Referred to Senate Higher Education Committee

3/7/2024

Committee Referrals

Higher Eduction3/7/2024

Full Bill Text

No bill text available