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NJ SR37
Resolution
Status
1/13/2026
Primary Sponsor
Vincent Polistina
Click for details
AI Summary
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Urges Congress and the President to enact the "College Cost Transparency and Student Protection Act" (originally introduced as H.R. 9429 on December 5, 2022)
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Responds to GAO findings that 91% of higher education institutions understate net price in aid offers, 55% fail to itemize direct and indirect costs, and 24% omit total cost of attendance
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Would require standardized terms and definitions for costs, grant aid, and financing options across all institutions, with direct costs listed before indirect costs
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Would establish a College Scorecard publishing average cost of attendance and net price for each institution to enable comparison shopping
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Aligns with New Jersey's existing "shopping sheet" legislation (P.L.2019, c.201) requiring financial aid transparency at state institutions
Legislative Description
Urges Congress and President to enact "College Cost Transparency and Student Protection Act."
Higher Education
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee
1/13/2026