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Bill > S1023
NJ S1023
NJ S1023Removes expected family contribution from calculation of financial need under circumstances in which public institutions of higher education may reduce student's institutional financial aid.
summary
Introduced
01/31/2022
01/31/2022
In Committee
12/14/2023
12/14/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Removes expected family contribution from calculation of financial need under circumstances in which public institutions of higher education may reduce student's institutional financial aid.
AI Summary
This bill removes the expected family contribution from the calculation of financial need for public institutions of higher education when determining a student's institutional financial aid. The bill defines financial need as the cost of attendance as defined in federal law, rather than the cost of attendance minus the expected family contribution. This change allows public colleges and universities to reduce a student's institutional financial aid without considering the expected family contribution as part of the financial need calculation.
Committee Categories
Education
Sponsors (2)
Last Action
Substituted by A4814 (on 01/08/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S1023 |
| Analysis - Statement SED 12/14/23 | https://pub.njleg.gov/Bills/2022/S1500/1023_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/S1500/1023_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/S1500/1023_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S1500/1023_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S1500/1023_I1.PDF |
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