Requires institutions of higher education to distribute information on availability of allowance for dependent care expenses in determination of cost of attendance.
Impact
If enacted, A3815 will amend the existing financial aid framework by ensuring that institutions publish clear information regarding the availability and procedures for requesting the dependent care allowance. Institutions are required to include this information in the financial aid shopping sheets that they provide to students and to ensure it is publicly accessible on their websites. Furthermore, the bill mandates that every paper application for admission comes with hard copies of information about the dependent care allowance, thereby improving accessibility and knowledge of available resources.
Summary
Assembly Bill A3815, introduced in New Jersey, seeks to enhance support for student parents attending institutions of higher education by mandating the distribution of information regarding the dependent care allowance. This allowance is designed to help students who have dependents by acknowledging and allowing them to incorporate dependent care expenses into their cost of attendance calculations. The bill underscores the need for higher education institutions to make prospective and current students aware of potential financial assistance they may be entitled to, thereby potentially increasing their eligibility for additional financial aid based on the total increased cost of attendance.
Contention
Notably, while the bill has garnered support for broadening access to financial resources for student parents, potential points of contention may arise regarding the implications it carries for student debt. The bill includes a warning that taking advantage of the dependent care allowance could lead to increased student loan obligations upon graduation. This aspect may evoke discussions about the balance between supporting students with dependents and the long-term financial consequences of increased borrowing, leading to varying perceptions of the bill's potential effectiveness and necessity.
Same As
Requires institutions of higher education to distribute information on availability of allowance for dependent care expenses in determination of cost of attendance.
Requires institutions of higher education to distribute information on availability of allowance for dependent care expenses in determination of cost of attendance.
Requires institutions of higher education to distribute information on availability of allowance for dependent care expenses in determination of cost of attendance.
Requires financial aid shopping sheet prepared by institutions of higher education and certain proprietary institutions to include information on average starting salaries of students.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Requires Secretary of Higher Education and DOLWD to establish performance quality standards for career-oriented programs of study offered by institutions of higher education, degree-granting proprietary institutions, and private career schools.
Requires Secretary of Higher Education and DOLWD to establish performance quality standards for career-oriented programs of study offered by institutions of higher education, degree-granting proprietary institutions, and private career schools.
Requires financial aid award letter provided by institutions of higher education and certain proprietary schools be consistent with financial aid shopping sheet.
Requires undergraduate students to file degree plan and requires institutions of higher education and certain propriety institutions to develop pathway systems to graduation.
Requires undergraduate students to file degree plan and requires institutions of higher education and certain propriety institutions to develop pathway systems to graduation.
Requires undergraduate students to file degree plan and requires institutions of higher education and certain proprietary institutions to develop pathway systems to graduation.
Requires undergraduate students to file degree plan and requires institutions of higher education and certain propriety institutions to develop pathway systems to graduation.
Applies provisions of "New Jersey College Student and Parent Consumer Information Act" to proprietary schools and limits eligibility for State student assistance programs to students enrolled in certain proprietary schools.
Applies provisions of "New Jersey College Student and Parent Consumer Information Act" to proprietary schools and limits eligibility for State student assistance programs to students enrolled in certain proprietary schools.