Establishes New Jersey Student Emergency Aid Program in Higher Education Student Assistance Authority.
The bill establishes the New Jersey Student Emergency Aid Program within the Higher Education Student Assistance Authority. It aims to provide emergency aid grants to undergraduate students in public institutions of higher education facing unexpected financial crises. The authority will distribute funds to public institutions, which will manage applications, distribute grants, and inform students of additional resources. The program excludes grants from being considered financial aid or taxable income for state student financial assistance programs.
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