N.J. Stat. § 18A:71B-20a

Current through L. 2023, c. 290.
Section 18A:71B-20a - Summer tuition aid grants
a. The authority shall annually award summer tuition aid grants for eligible students pursuant to N.J.S. 18A:71B-20. A summer tuition aid grant shall be applied toward the tuition costs outside of the academic year, as defined in N.J.S. 18A:71B-4. The receipt of a summer tuition aid grant shall not:
(1) reduce the amount of a tuition aid grant awarded to the student during the academic year;
(2) be included when determining the student's maximum tuition aid grant awards pursuant to subsection b. of this section; or
(3) otherwise adversely affect the student's eligibility for an award under this chapter.
b. A summer tuition aid grant shall be prorated against the full-time tuition aid grant awarded in the preceding semester as follows: an eligible student enrolled with six to eight credits shall receive one-half of the value of a full-time award, and an eligible student enrolled with nine to 11 credits shall receive three-quarters of a full-time award.
c. Summer tuition aid grants awarded for the summer 2023 semester pursuant to this section shall be funded by the appropriation made to the authority pursuant to section 3 of P.L. 2023, c. 34 and any additional amounts as may be required from the unexpended balance of funds previously awarded for tuition aid grants as of the effective date of P.L. 2023, c. 34 (C.18A:71B-20 et al.). The Legislature may award funds in addition to those appropriated to the authority pursuant to section 3 of P.L. 2023, c. 34 by a separate line item.
d. Summer tuition aid grants awarded for the summer 2024 semester pursuant to this section shall be funded by any amounts as may be required from the unexpended balance of funds appropriated in fiscal year 2024 for the purpose of providing tuition aid grants in the fall 2023 and spring 2024 semesters. The Legislature may appropriate additional funds to the authority as may be necessary to fund summer tuition aid grants awarded for the summer 2024 semester pursuant to this section by a separate line item.
e. Beginning with the summer 2025 semester, summer tuition aid grants awarded pursuant to this section shall be funded by a separate line item in the annual appropriations act.

N.J.S. § 18A:71B-20a

Amended by L. 2023, c. 283,s. 2, eff. 1/16/2024.
Added by L. 2023, c. 34,s. 2, eff. 4/5/2023.