New Jersey 2024-2025 Regular Session

New Jersey Senate Bill S3349

Introduced
6/3/24  

Caption

Establishes New Jersey Workforce Industry Needs Scholarship.

Impact

The bill allows the Secretary of Higher Education to develop a list of eligible programs tailored to meet specific workforce demands. The scholarship covers the cost of tuition, fees, and necessary course materials, limited to a maximum of $5,000 per year. Students can receive the scholarships for up to three years for associate degree programs or two years for other eligible programs, provided they maintain a minimum GPA. This financial support intends to incentivize students to pursue careers in critical industries such as health care, construction, and transportation.

Summary

Senate Bill S3349 establishes the New Jersey Workforce Industry Needs Scholarship, aimed at providing financial assistance to students enrolled in programs that address the labor needs in the state. The scholarship targets those pursuing professional certificates, industry-recognized credentials, diplomas, or degrees from eligible county colleges and vocational schools. It is overseen by the Secretary of Higher Education in consultation with state workforce development entities. This bill aims to enhance the employability of students in high-demand sectors identified by the Labor Demand Occupation List.

Contention

While the intent of the bill is to bolster workforce readiness, potential concerns arise regarding the criteria for scholarship eligibility and whether the funding will adequately meet demand. There may also be discussions about the implications of prioritizing certain programs over others, which could inadvertently limit student choices. Additionally, the bill stipulates that scholarships awarded are subject to state funding appropriations, raising questions about sustainability and the ability to meet future needs.

Companion Bills

NJ A333

Same As Establishes New Jersey Workforce Industry Needs Scholarship.

NJ A5052

Carry Over Establishes New Jersey Workforce Industry Needs Scholarship.

Similar Bills

NJ A5052

Establishes New Jersey Workforce Industry Needs Scholarship.

NJ A333

Establishes New Jersey Workforce Industry Needs Scholarship.

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US SB56

Education Freedom Scholarships and Opportunity Act This bill allows individual and corporate taxpayers a tax credit for cash contributions to certain scholarship-granting and workforce training organizations. It imposes a cap of $10 billion on the sum of contributions that qualify for a tax credit under this bill. The bill requires the Department of Education, in coordination with the Departments of the Treasury and Labor, to establish, host, and maintain a web portal that (1) lists all eligible scholarship-granting and workforce training organizations; (2) enables contributions to such organizations; (3) provides information about the benefits of this bill; and (4) enables a state to submit and update information about its programs and educational organizations, including information on student eligibility and allowable educational expenses.