New Jersey Assembly Bill A1038

New Jersey 2022-2023 Regular Session

• Introduced: 1/11/22
• Refer: 1/11/22

Caption

Prohibits public institutions of higher education from increasing resident undergraduate and graduate tuition and fees by more than 4% over the prior academic year.

Impact

By implementing this bill, New Jersey looks to establish a framework that prioritizes the economic accessibility of higher education. This legislation, which is expected to take effect immediately, will initially apply to the tuition and fees for the academic year of 2017-2018. It serves as a formal reassurance to students and families that tuition rates will not escalate beyond a reasonable limit, which may encourage enrollment in state institutions and promote educational opportunities for residents.

Summary

Bill A1038 proposes to regulate tuition increases at public institutions of higher education in New Jersey. Specifically, it prohibits these institutions from raising resident undergraduate and graduate tuition and fees by more than 4% over the amounts charged in the previous academic year. The bill aims to enhance affordability for students pursuing higher education by limiting the extent of annual tuition hikes, reflecting increasing concerns over the rising costs of college education in the state.

Contention

While many advocates support A1038 for its potential to curb exorbitant tuition increases, there are discussions around how such legislation could impact the financial sustainability of public higher education institutions. Some legislators and educational organizations may raise concerns about the constraints imposed on these institutions regarding revenue generation and financial planning. The challenge lies in balancing the need for affordable education with the operational needs of educational entities.

Final_note

If passed, A1038 will represent a significant shift in how tuition increases are governed in New Jersey, positioning the state as a proactive entity in tackling the ongoing crisis of college affordability and accessibility.