Bill > A2807

This bill prohibits four-year public and independent institutions of higher education in New Jersey from increasing tuition and fees for New Jersey resident undergraduate students for nine continuous semesters, which is equivalent to four and a half academic years, after their initial enrollment, though students enrolled in programs longer than four years will be covered for the duration of their program; however, students who take a leave of absence for more than a year will not be eligible for the original tuition rate upon re-enrollment, and this provision does not apply to independent institutions with endowments exceeding $1 billion. Additionally, governing boards of these institutions must provide a nonbinding estimate of tuition and fees for the next four incoming student cohorts when setting rates for the upcoming academic year, and this law will take effect immediately, applying to students who first enroll in the 2015-2016 academic year.