Increases tuition credit amount permitted under volunteer tuition credit program.
Impact
The legislation enhances the current system by raising the available tuition credit from a maximum of $2,400 to $5,000, allowing for an annual credit increase from $600 to $1,250 for each year of service completed. This change not only aims to improve educational access for the dependents of volunteers but is also expected to bolster volunteer recruitment and retention, as individuals may be incentivized to join and remain active in these organizations due to the increased educational support.
Summary
Senate Bill S2385, introduced by Senator Vin Gopal, proposes an increase in the tuition credit amount allowed under the volunteer tuition credit program in New Jersey. This program is designed to support active members of volunteer fire companies and first aid or rescue squads by providing financial assistance for postsecondary education. The bill seeks to amend existing regulations to enhance the benefits available to volunteers and their families, thereby encouraging greater participation in these vital community services.
Contention
While the bill is largely positive in its outlook, points of contention may arise regarding the fiscal implications for state funding. Critics may question how this increased financial commitment will be managed within the state budget, particularly during times of economic strain. Additionally, the effectiveness of such programs in actually increasing volunteer numbers and sustaining engagement in community services can be another area of debate among policymakers and stakeholders.
Expands volunteer tuition credit program to volunteers and eligible dependents enrolled in four-year public institutions of higher education and increases maximum value of tuition credit.
Expands volunteer tuition credit program to volunteers and eligible dependents enrolled in four-year public institutions of higher education and increases maximum value of tuition credit.
Expands volunteer tuition credit program to volunteers and eligible dependents enrolled in four-year public institutions of higher education and increases maximum value of tuition credit.
Establishing a tuition credit program for certain members of volunteer fire companies, volunteer ambulance services and volunteer rescue squads and their dependent children and spouses.