N.J. Stat. § 18A:62-65

Current through L. 2023, c. 320.
Section 18A:62-65 - Definitions relative to institutional financial aid

As used in this act:

"Financial need" means cost of attendance as defined pursuant to 20 U.S.C. s. 1087ll.

"Institutional financial aid" means need-based and merit-based grants, scholarships, tuition waivers, and all other forms of financial assistance provided by a public institution of higher education that are not loans or work-study programs.

"Private scholarships" means scholarships awarded by businesses, private foundations, nonprofit organizations, and service groups. Private scholarships shall not include awards funded by a private organization which is affiliated with a public institution of higher education and requests the institution's assistance in selecting the recipients of scholarships.

N.J.S. § 18A:62-65

Amended by L. 2023, c. 317,s. 1, eff. 1/16/2024.
Added by L. 2021, c. 223,s. 1, eff. 9/24/2021.