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Code · New Jersey · Title 18A — Education · Chapter 62

18A:62-65 Definitions relative to institutional financial aid.

104 words·~1 min read·/nj/title-18a/chapter-62/18a-62-65

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. As used in this act:
"Financial need" means cost of attendance as defined pursuant to 20 U.S.C. s.1087ll.
"Institutional financial aid" means need-based and merit-based grants, scholarships, tuition waivers, and all other forms of financial assistance provided by a public institution of higher education that are not loans or work-study programs.
"Private scholarships" means scholarships awarded by businesses, private foundations, nonprofit organizations, and service groups. Private scholarships shall not include awards funded by a private organization which is affiliated with a public institution of higher education and requests the institution's assistance in selecting the recipients of scholarships.
L.2021, c.223, s.1; amended 2023, c.317.
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