New Jersey 2024-2025 Regular Session

New Jersey Senate Bill S3602

Introduced

9/12/24

Caption

Makes supplemental appropriation of $20 million for provision of Summer Tuition Aid Grants in summer 2025; provides conditional authority for transfer of additional resources to Summer Tuition Aid Grants account.

Impact

The bill is a supplementary measure to the annual appropriations act for the fiscal year ending June 30, 2025, and aims to expand access to higher education funding during the summer months. The appropriation allows the Higher Education Student Assistance Authority to offer grants of up to 75 percent of the maximum amounts for which applicants qualify, based on regulations set forth in previous legislation. If the available funds surpass projections, grant amounts may increase to a full 100 percent, thereby enhancing the financial support for eligible students.

Summary

Senate Bill S3602, introduced in New Jersey, proposes a supplemental appropriation of $20 million specifically aimed at providing Summer Tuition Aid Grants for the summer of 2025. This supplemental funding is intended to ensure that eligible students receive financial assistance to help cover the costs of their tuition during the summer term. The bill not only allocates funds but also grants conditional authority to transfer additional resources to the Summer Tuition Aid Grants account if needed.

Sentiment

Overall, the sentiment surrounding S3602 appears to be positive among education advocates and institutions, as it demonstrates a commitment to making higher education more accessible, especially during the summer term. Supporters of the bill emphasize its significance in combating educational equity issues, making it easier for students to complete their degrees without additional financial strain. However, the bill may face scrutiny regarding its funding mechanisms and broader implications for the state's fiscal policies.

Contention

While the bill is largely viewed as beneficial, there are points of contention regarding the source of funding and the conditional nature of the proposed transfers. Critics may argue that relying on future surpluses in the Tuition Aid Grants account could lead to inconsistencies in grant availability. Additionally, the stipulation that the authority must project funds as surplus before exceeding the 75 percent funding threshold could raise concerns about its long-term sustainability and effectiveness in meeting the needs of prospective students in a timely manner.

Latest NJ S3602 Activity

View All Events: NJ 2024-2025 Regular Session S3602

Companion Bills

NJ A4811

Same As Makes supplemental appropriation of $20 million for provision of Summer Tuition Aid Grants in summer 2025; provides conditional authority for transfer of additional resources to Summer Tuition Aid Grants account.

Previously Filed As

NJ A5005

Prohibits undocumented student from receiving Tuition Aid Grant and Summer Tuition Aid Grant.

NJ S3358

Phases out State tuition aid grants for students enrolled in proprietary institutions of higher education; redirects State tuition aid grant funding for students enrolled in proprietary institutions to summer tuition aid grant program.

NJ S2204

Provides supplemental appropriation of $20 million for loan redemption program and tuition reimbursement program for certain teachers of science, technology, engineering, and mathematics.

NJ A1127

Makes supplemental appropriation of $1.2 million to DOE to provide additional State school aid to Franklin Township School District in Somerset County.

NJ A1615

Makes supplemental appropriation of $3.5 million to provide additional State school aid to Freehold Regional School District.

NJ S3743

Makes supplemental appropriation of $4.8 million to provide additional operational aid to Jefferson Township Public Schools.

NJ A4456

Makes supplemental appropriation of $4.8 million to provide additional operational aid to Jefferson Township Public Schools.

NJ S2647

Makes supplemental appropriation of $1.2 million for Community College Opportunity Grant.

NJ A2325

Makes supplemental appropriation of $1.2 million for Community College Opportunity Grant.

NJ A1874

Makes FY2023 supplemental appropriation of $17 million to DEP for grants for certain lake management activities.

Similar Bills

MD SB282

Budget Bill (Fiscal Year 2027)

MD HB390

Budget Bill (Fiscal Year 2027)

MD HB0390

Budget Bill (Fiscal Year 2027)

MD HB350

Budget Bill (Fiscal Year 2026)

MD SB319

Budget Bill (Fiscal Year 2026)

PA HB1330

To provide appropriations from the General Fund for the expenses of certain agencies of the Executive Department for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025.

PA SB160

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2025, to June 30, 2026, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2025; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2024, to June 30, 2025, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2024.

PA SB1220

To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2026, to June 30, 2027, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2026.