Prohibits public institutions of higher education from increasing resident undergraduate tuition by more than four percent over prior academic year.
Impact
The impact of SB 2727 on state laws will primarily be seen in the way tuition rates are set within public colleges and universities. The bill seeks to standardize tuition increases and protect students from excessive tuition hikes that could disrupt their financial planning. By instituting a cap on these increases, the bill aims to enhance the affordability of higher education, thereby encouraging broader access to college for New Jersey residents.
Summary
Senate Bill 2727 aims to regulate the tuition rates of public institutions of higher education in New Jersey. Specifically, the bill prohibits these institutions from increasing resident undergraduate tuition rates by more than four percent compared to the tuition rates of the previous academic year. This legislative measure is introduced with the intent of making higher education more affordable and predictable for students and their families.
Contention
While seeking to safeguard students from tuition spikes, SB 2727 may also raise debates about the financial flexibility of higher education institutions. Critics may express concern that such limitations could hinder the ability of these institutions to cover rising operational costs and fund essential programs. Proponents argue that the legislation is a necessary measure to address the growing concerns surrounding college affordability and the burden of student debt.
Carry Over
Prohibits public institutions of higher education from increasing resident undergraduate tuition by more than 4 percent over the prior academic year.
Prohibits public institutions of higher education from increasing resident undergraduate and graduate tuition and fees by more than 4% over the prior academic year.
Prohibits public institution of higher education from increasing resident undergraduate tuition for four continuous academic years following student's initial enrollment.
Prohibits public institutions of higher education from increasing resident undergraduate tuition for four continuous academic years following student's initial enrollment.
Prohibits public institutions of higher education from increasing resident undergraduate and graduate tuition and fees by more than 4% over the prior academic year.
Prohibits public institutions of higher education from increasing resident undergraduate tuition for four continuous academic years following student's initial enrollment.
Prohibits public institutions of higher education from increasing resident undergraduate tuition for four continuous academic years following student's initial enrollment.
Public postsecondary education: University of California: California State University: student financial assistance: tuition and mandatory systemwide fees: admission of out-of-state students.