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 equitable 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, similar to the existing framework for full-time students. 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.