Requires State Board of Education high school graduation requirements include instruction on tuition assistance programs and student loan debt; requires high school students to meet with guidance counselor to discuss tuition assistance and dual enrollment.
Impact
The implementation of A2759 will likely contribute to improved financial literacy among high school graduates in New Jersey. By educating students on the nuances of student loans, repayment options, and consequences of default, the bill is designed to mitigate the financial burden that students may face after graduation. In addition, by incorporating discussions on dual enrollment opportunities, the bill seeks to reduce higher education costs through college credit earned while still in high school, potentially leading to lower student loan debt overall.
Summary
Assembly Bill A2759 mandates that the New Jersey State Board of Education include instruction on tuition assistance programs and student loan debt as part of high school graduation requirements. Starting with the class of 2018-2019, high school students will learn about available state and federal financial aid options, including grants and scholarships, as well as the implications of student loan debt. This new educational requirement aims to equip students with the necessary information to make informed decisions regarding postsecondary education financing.
Contention
While the bill has been met with support from educators who see the value in financial literacy for students, there may be concerns regarding the practical implementation of such requirements at the district level. Educators and administrators may need additional resources or training to effectively deliver this content. Furthermore, the requirement for students to meet with guidance counselors raises questions about the accessibility of counseling services and whether districts can meet the demand effectively, particularly in under-resourced areas.
Carry Over
Requires State Board of Education high school graduation requirements include instruction on tuition assistance programs and student loan debt; requires high school students to meet with guidance counselor to discuss tuition assistance and dual enrollment.
Requires State Board of Education high school graduation requirements include instruction on tuition assistance programs and student loan debt; requires high school students to meet with guidance counselor to discuss tuition assistance and dual enrollment.
Requires public high school students to receive financial literacy instruction on higher education costs, student financial assistance, and cryptocurrencies.
Requires public high school students to receive financial literacy instruction on higher education costs, student financial assistance, and cryptocurrencies.
Establishes program in Higher Education Student Assistance Authority to pay for remaining tuition costs related to certain remedial or developmental courses.
Establishes "New Jersey College Ready Students Program Act"; provides tuition-free dual enrollment opportunities at county college for certain high school students.
Establishes "New Jersey College Ready Students Program Act"; provides tuition-free dual enrollment opportunities at county college for certain high school students.
Relating to a career path initiative for public school students that includes career path guidance for students in certain grade levels, additional high school graduation programs, and a requirement for a minimum number of school counselors at certain schools.
Requires Department of Military and Veterans Affairs to certify financial counselors prior to advising members of New Jersey Army and Air National Guard.