Allows students to use portion of opportunity grant awards under Educational Opportunity Fund program during summer session.
Impact
The bill mandates that students interested in utilizing their opportunity grant for summer courses must notify the Office of the Secretary of Higher Education prior to the academic year. The secretary is then required to adjust the amount of the grant disbursed during the academic year, ensuring that students are informed about how their summer course enrollment will affect their future grant amounts. Additionally, it stipulates that summer session usage will not count against the total number of years a student can receive the grant, which provides an incentive for students to take summer courses without penalty to their financial aid eligibility.
Summary
Assembly Bill A4387 aims to enhance the educational opportunities available to students in New Jersey by permitting them to utilize a portion of their opportunity grant awards from the Educational Opportunity Fund (EOF) during the summer sessions. This legislative change allows students to enroll in courses that fulfill their graduation requirements or contribute credits toward their major during the summer term, thus promoting continuous learning and facilitating quicker paths to graduation.
Contention
While the bill is generally well-received as a means to improve student success rates, there may be some concerns regarding the potential ramifications on the Educational Opportunity Fund overall, especially in relation to its sustainability and funding levels. Critics may question whether allowing students to draw down portions of their grants for summer sessions could strain the resources available for students during the regular academic year. Furthermore, as the bill implements recommendations from the College Affordability Study Commission, ongoing discussions may arise about the adequacy of funding and support provided to students participating in the EOF program.
Urges Secretary of Higher Education and Educational Opportunity Fund Board to study and modernize program regulations, particularly regulations related to student funding priority levels.
A bill to amend title 38, United States Code, to establish in the Department of Veterans Affairs the Veterans Economic Opportunity and Transition Administration, and for other purposes.