Requires institutions of higher education to distribute information on availability of allowance for dependent care expenses in determination of cost of attendance.
Impact
The impact of A3083 is significant, as it directly addresses the financial challenges faced by student-parents attending college. By requiring institutions to provide detailed information on dependent care allowances, the bill can lead to an increase in the number of students who qualify for additional financial support. This change could alleviate some of the financial burdens on these students, allowing them to remain in school and complete their degrees while managing their dependent care responsibilities more effectively. Furthermore, it serves to standardize the information provided across various institutions, promoting equity in financial aid access.
Summary
Assembly Bill A3083 aims to enhance the transparency and availability of information regarding the dependent care allowance for students attending institutions of higher education in New Jersey. The bill mandates that educational institutions must provide clear details about the dependent care allowance, including its availability and procedures for requesting it, ensuring that eligible student-parents are informed about the financial aid options that exist as part of their cost of attendance calculation. This move seeks to potentially increase financial aid availability and awareness among student parents, who may not be fully aware of their eligibility for such allowances.
Contention
Notable points of contention surrounding the bill may include concerns about the implications of increasing student loans due to the dependent care allowance. Although the allowance allows for higher financial aid eligibility, it may also lead to increased debt upon graduation, which could deter potential students from utilizing it. Additionally, some stakeholders may raise questions about the administrative burden placed on educational institutions to comply with these requirements, especially smaller institutions that may lack the necessary resources to effectively implement these changes. The balance between improving access to education for student-parents and managing financial implications remains a critical aspect of the discussion around A3083.
Same As
Requires Higher Education Student Assistance Authority to permit certain students to submit monthly expense and resource statement for income verification; requires Higher Education Student Assistance Authority to impute in-kind support amounts.
NJ S1373
Carry Over
Requires institutions of higher education to distribute information on availability of allowance for dependent care expenses in determination of cost of attendance.
NJ A3815
Carry Over
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 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.