New Jersey S1454 allows students to submit monthly expense statements for income verification and imputes in-kind support for those with zero income.

New Jersey S1454 mandates the Higher Education Student Assistance Authority (HESAA) to allow students applying for state grants or scholarships to submit monthly expense and resource statements when income and assets cannot be verified through traditional documentable proof. These statements can include copies of income tax returns, IRS Wage and Income transcripts, and proof of public benefits. If a student reports zero income and assets, HESAA must impute in-kind support, assuming a minimal standard of living, on the student's monthly expense and resource statement.

New Jersey S1454 allows students to submit monthly expense statements for income verification and imputes in-kind support for those with zero income.

New Jersey S1454 mandates the Higher Education Student Assistance Authority (HESAA) to allow students applying for state grants or scholarships to submit monthly expense and resource statements when income and assets cannot be verified through traditional documentable proof. These statements can include copies of income tax returns, IRS Wage and Income transcripts, and proof of public benefits. If a student reports zero income and assets, HESAA must impute in-kind support, assuming a minimal standard of living, on the student's monthly expense and resource statement.