This bill mandates that public institutions of higher education in New Jersey must waive or reimburse application fees and transcript fees for veterans and members of the military, including those in the Armed Forces, Reserve components, and the New Jersey National Guard, who reside in the state and are admitted to the institution.

The legislation aims to support veterans and military personnel by alleviating the financial burden associated with applying to higher education institutions. The bill is set to take effect immediately upon enactment.