Assembly Commerce and Economic Development Committee Statement to Assembly, No. 4152, Dated June 22, 2023

Summary

Statement of the Assembly Commerce and Economic Development Committee of the State of New Jersey, dated June 22, 2023, reporting Assembly Bill 4152 favorably. The bill establishes a financial aid program in the Higher Education Student Assistance Authority covering tuition still owed for a remedial or developmental course after all other grants and scholarships. The course must be necessary to complete the student's academic program of study. Eligible students graduated from a public high school in an eligible urban school district, enroll in at least six credits, apply for other aid and are in good academic standing. Awards cover at most 30 credits and only fall or spring semesters.

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ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT COMMITTEE

STATEMENT TO

ASSEMBLY,
No. 4152

STATE
OF NEW JERSEY

DATED: JUNE 22,
2023

The
Assembly Commerce and Economic Development Committee reports favorably Assembly
Bill No. 4152.

This
bill establishes a financial aid program in the Higher Education Student
Assistance Authority (HESAA). The program would cover the remaining tuition
costs associated with the student’s enrollment in a remedial or developmental
course, in the event that the student has outstanding tuition costs related to
the remedial or developmental course after the prior application of all other
grants and scholarships for which the student is eligible. Under the bill, a
student would be eligible for aid if the remedial or developmental course in
which the student is enrolled is necessary as part of the completion of the
academic program of study in which the student is enrolled.

A
student would be eligible for a financial aid award under the program if the
student:

· is a resident
of the State or is otherwise eligible for State financial aid pursuant to
current State law permitting certain students without lawful immigration status
to receive State financial aid;

· graduated high
school from a public high school located in an eligible urban school district;

· is enrolled in
a remedial or developmental course that is necessary as part of the completion
of the academic program of study in which the student is enrolled;

· is enrolled in
at least six credits in the semester in which the student is seeking aid at an
eligible institution;

· applied for
all other available forms of State, federal, and institutional need-based
grants and merit scholarships and, in accordance with annually established
deadline dates, have completed and submitted a Free Application for Federal
Student Aid, other financial aid form, or, as applicable, a State financial aid
form as required by the HESAA pursuant to the law permitting certain students
without lawful immigration status to receive State financial aid;

· does not owe a
refund on a grant or scholarship previously received from a State or federal
program through any institution or is not in default on any loan made under any
State or federal student loan program at any institution, unless the student
makes arrangements with the HESAA to repay the debt; and

· is in good
academic standing and meet the minimum standards for academic performance and
satisfactory academic progress as defined by the eligible institution of higher
education which the student is attending.

Under
the bill, a student would be eligible for a financial aid award for a maximum
of 30 credits and would only be eligible for a financial aid award during a
fall or spring semester in an academic year.

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