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NJ A4814
NJ A4814Removes 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
10/20/2022
10/20/2022
In Committee
12/14/2023
12/14/2023
Crossed Over
01/26/2023
01/26/2023
Passed
01/08/2024
01/08/2024
Dead
Signed/Enacted/Adopted
01/16/2024
01/16/2024
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 financial need is now defined solely as the cost of attendance, as defined under federal law. This change allows public colleges and universities to potentially provide more institutional financial aid to students without factoring in the expected family contribution, which may help make higher education more accessible and affordable for students.
Committee Categories
Education
Sponsors (7)
Bill Moen (D)*,
Troy Singleton (D)*,
Benjie Wimberly (D)*,
Mila Jasey (D),
Pam Lampitt (D),
Eliana Pintor Marin (D),
Nellie Pou (D),
Last Action
Approved P.L.2023, c.317. (on 01/16/2024)
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/A4814 |
| Analysis - Statement SED 12/14/23 | https://pub.njleg.gov/Bills/2022/A5000/4814_S2.PDF |
| Analysis - Statement AHI 1/23/2023 | https://pub.njleg.gov/Bills/2022/A5000/4814_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5000/4814_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A5000/4814_I1.PDF |
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