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NJ A2575
Bill
Status
1/13/2026
Primary Sponsor
Carmen Morales
Click for details
AI Summary
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Secretary of Higher Education must establish guidelines for student financial aid offers based on best practices from the 2022 U.S. Government Accountability Office report
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Guidelines must require institutions to clearly differentiate direct and indirect costs, provide total cost of attendance, and estimate net price
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Financial aid offers must use standardized terms and definitions, explain students' rights to accept or decline aid, and include institutional contact information
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Prohibits use of the term "award" in student financial aid offers to prevent misleading terminology
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Guidelines must comply with U.S. Department of Education's College Financing Plan and existing New Jersey consumer information laws while avoiding duplication of federal requirements
Legislative Description
Requires Secretary of Higher Education to establish guidelines regarding best practices for student financial aid offers.
Higher Education
Last Action
Introduced, Referred to Assembly Higher Education Committee
1/13/2026