SENATE HIGHER EDUCATION COMMITTEE

STATEMENT TO

SENATE, No. 3668

STATE OF NEW JERSEY

DATED:  OCTOBER 10, 2024

      The Senate Higher Education Committee reports favorably Senate Bill No. 3668.

This bill phases out State tuition aid grants for students enrolled in proprietary institutions of higher education.

     Under the bill, beginning with the 2026-2027 academic year, a State tuition aid grant for a student enrolled in a proprietary institution is to be limited to students who received an award prior to that academic year. Students enrolled in a proprietary institution who received an award prior to the 2026-2027 academic year are to continue to receive an award until the student is no longer eligible.

     Additionally, the bill provides that beginning with the 2026-2027 academic year and each year thereafter, funds which would have otherwise been awarded to students enrolled in proprietary institutions prior to the enactment of the bill are to instead be appropriated to fund summer tuition aid grants.