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. The requirement applies to individuals who reside in the state and are accepted for admission to these institutions.

The legislation is designed to support veterans and military personnel by alleviating the financial burden associated with applying to higher education. The bill is set to take effect immediately upon enactment, ensuring that eligible individuals can benefit from these provisions without delay.