NJ S5010

Increases the income eligibility threshold for the Community College Opportunity Grant Program from $65,000 to $100,000 annual adjusted gross income, with authority to establish additional tiers above this limit

Codifies the Garden State Guarantee Program to provide last-dollar financial aid grants covering tuition and fees for eligible students in their third and fourth year at four-year public institutions of higher education

Requires Garden State Guarantee recipients to be enrolled in at least 12 credits, have annual adjusted gross income between $0 and $100,000, maintain good academic standing, and apply for all available federal, state, and institutional aid

Limits Garden State Guarantee grants to up to four semesters (fall and spring only), covering net costs for up to 18 credits per semester after other grants and scholarships are applied

Caps annual increases in maximum individual grant amounts under the Garden State Guarantee Program at three percent over the prior year for each public institution