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Bill > S1454
NJ S1454
NJ S1454Requires Higher Education Student Assistance Authority to permit certain students to submit monthly expense and resource statement for income verification; requires Higher Education Student Assistance Authority to impute in-kind support amounts.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
Under current policy, students applying for a State grant or scholarship under the purview of the Higher Education Student Assistance Authority (HESAA), who are requested by HESAA to submit documentation to verify income and assets, are only permitted to submit documentable proof produced by a State or federal government agency, for the purposes of the verification. Documentable proof produced by a State or federal agency may include, but is not limited to, income tax return transcripts, actual copies of income tax returns, Internal Revenue Service Wage and Income transcripts, and proof of receipt of State or federal public benefits such as Temporary Assistance for Needy Families, Supplemental Security Income, Social Security benefits, Supplemental Nutrition Assistance Program benefits, or unemployment benefits. When the income and assets of a student or a student's parents or guardians cannot be verified through such documentable proof, the student is not considered for State grants or scholarships. This bill would require HESAA to permit the submission of monthly expense and resource statements for those applicant students who cannot verify income and assets through documentable proof produced by a State or federal agency. The bill also requires HESAA to impute in-kind support amounts, which are to assume a minimal standard of living, on a student's monthly expense and resource statement, if the student records zero income and assets. In-kind support includes amounts paid for certain expenses on behalf of a student, or the student and the student's parents or guardians in the case of a dependent student, that are not considered loans.
AI Summary
This bill requires the Higher Education Student Assistance Authority (HESAA), which oversees state student grants and scholarships, to allow students who cannot provide standard government-issued documentation to verify their income and assets to instead submit a monthly expense and resource statement. This is a change from current policy, which generally requires proof from state or federal agencies like tax returns or benefit statements. Furthermore, if a student reports no income or assets on their monthly statement, HESAA must "impute in-kind support," meaning they will assume a basic standard of living by assigning a value to non-cash assistance received, such as someone paying for certain expenses on the student's behalf that are not loans. This provision aims to provide a pathway for students facing difficulties in proving their financial situation through traditional means to still be considered for financial aid.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee (on 01/13/2026)
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/2026/S1454 |
| BillText | https://pub.njleg.gov/Bills/2026/S1500/1454_I1.HTM |
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