This bill revises the licensure process for out-of-State institutions of higher education seeking to offer college credit-bearing courses, academic degree completion programs, or complete academic degree programs within New Jersey. It mandates that these institutions petition the Secretary of Higher Education for licensure, providing detailed information including their accreditation status, mission statement, financial resources, faculty qualifications, and an impact analysis on existing in-State institutions. The impact analysis must address unmet needs and demand for the proposed programs, as well as potential effects on clinical placements and existing programs.

The Secretary of Higher Education is tasked with reviewing the petitions, distributing summaries for public comment, and consulting the New Jersey Presidents Council for recommendations before making a final determination. The bill also requires annual reporting from both the Secretary on the petitions and from licensed out-of-State institutions regarding enrollment, program changes, and student outcomes. Additionally, the Secretary is empowered to ensure that licensed institutions meet performance standards and may suspend or revoke licenses if institutions fail to comply with these standards or adversely affect in-State programs. Overall, the bill aims to enhance oversight and ensure quality in higher education offerings from out-of-State institutions.