This bill aims to expand the Tuition Aid Grant (TAG) program in New Jersey to include part-time undergraduate students enrolled in eligible institutions. Currently, TAG awards are only available to full-time students, but the bill recognizes the growing need for financial assistance among part-time students, who also face rising tuition costs. The new provisions stipulate that part-time grant awards will be prorated based on the full-time grant amounts, ensuring that part-time students receive appropriate financial support. Additionally, the bill mandates that appropriations for part-time grants be made separately to prevent any reduction in funding for full-time grants.

The legislation amends existing law to include specific eligibility criteria for part-time students, such as maintaining minimum academic performance standards. It also clarifies that the maximum grant amount for part-time students will be determined by the Higher Education Student Assistance Authority, ensuring that funding is allocated fairly. The bill is set to take effect immediately and will first apply to the 2022-2023 academic year, reflecting the state's commitment to enhancing educational opportunities for all students, regardless of their enrollment status.