Establishes Gold Star Family Scholarship Program; appropriates $100,000 from General Fund to Higher Education Student Assistance Authority.
Impact
The legislation mandates the creation of a non-lapsing fund under the Higher Education Student Assistance Authority (HESAA), known as the Gold Star Family Scholarship Fund. This fund will be supported through various sources, including a $2 annual surcharge on personalized license plates and voluntary contributions from taxpayers on their gross income tax returns. The appropriated amount of $100,000 from the General Fund will be utilized to kickstart this initiative. The scholarships awarded will be capped at the average tuition fees of four-year public institutions in the state, providing crucial financial assistance to beneficiaries.
Summary
Bill S2361 establishes the Gold Star Family Scholarship Program in New Jersey, designed to provide financial support for family members of military personnel who lost their lives while on active duty. This program allows eligible family members—like spouses, children, and siblings—to receive scholarships to attend institutions of higher education, ensuring that the sacrifices made by service members are honored by offering educational opportunities to their loved ones. The program aims to alleviate some financial burdens faced by these families as they pursue higher education.
Contention
One potential point of contention surrounding this bill could arise from discussions about funding and resource allocation within the state. While the establishment of the scholarship fund is commendable, the reliance on personalized license plate surcharges and taxpayer contributions makes it essential to evaluate whether these funding streams will be adequate and sustainable. Stakeholders may also debate the eligibility criteria for scholarships and address concerns about ensuring that funds reach eligible families effectively and equitably. Additionally, as this program is dependent on state appropriations, it will likely require ongoing legislative support to maintain its viability.
Prohibits institution of higher education from establishing scholarship fund or student assistance program limited to students who are citizens or permanent residents of country or territory controlled by terrorist organization.
Prohibits institution of higher education from establishing scholarship fund or student assistance program limited to students who are citizens or permanent residents of country or territory controlled by terrorist organization.
"Opportunity Scholarship Act"; establishes pilot program in Department of Treasury providing tax credits to taxpayers contributing to scholarships for low-income children.
"Opportunity Scholarship Act"; establishes pilot program in Department of Treasury providing tax credits to taxpayers contributing to scholarships for low-income children.