ASSEMBLY, No. 2925

STATE OF NEW JERSEY

217th LEGISLATURE

 

INTRODUCED FEBRUARY 16, 2016

 


 

Sponsored by:

Assemblyman  LOUIS D. GREENWALD

District 6 (Burlington and Camden)

Assemblyman  PATRICK J. DIEGNAN, JR.

District 18 (Middlesex)

Assemblyman  JOE DANIELSEN

District 17 (Middlesex and Somerset)

Assemblyman  NICHOLAS CHIARAVALLOTI

District 31 (Hudson)

Assemblyman  CRAIG J. COUGHLIN

District 19 (Middlesex)

 

 

 

 

SYNOPSIS

     Requires State Board of Education high school graduation requirements include instruction on tuition assistance programs and student loan debt; requires high school students to meet with guidance counselor to discuss tuition assistance and dual enrollment.

 

CURRENT VERSION OF TEXT

     As introduced.

  


An Act concerning financial literacy for high school students and supplementing chapter 7C and chapter 36 of Title 18A of the New Jersey Statutes.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    Beginning with the 2016-2017 grade nine class, the State Board of Education shall require that the high school graduation requirement on financial literacy includes instruction on available State and federal tuition assistance programs, including grants, scholarships, and student loans.  The instruction shall incorporate issues associated with student loan debt, the requirements for repayment of that debt, and the consequences of the failure to repay student loan debt in a timely manner.

 

     2.    A school district shall ensure that a student enrolled in high school meets with a guidance counselor during either the second or third year of high school to discuss State and federal tuition assistance programs, including grants, scholarships, and student loans, that may be available to the student to finance postsecondary educational opportunities.  The guidance counselor shall also discuss the options available to the student for dual enrollment in the high school and an institution of higher education that will enable the student to earn college credit while still in high school and reduce the overall cost of a higher education.

 

     3.    This act shall take effect immediately.

 

STATEMENT

 

     This bill provides that beginning with the 2016-2017 grade nine class, the State Board of Education will require that the high school graduation requirement on financial literacy include instruction on available State and federal tuition assistance programs, including grants, scholarships, and student loans.  The instruction must incorporate issues associated with student loan debt, the requirements for repayment of that debt, and the consequences of the failure to repay student loan debt in a timely manner.

     The bill also provides that a school district must ensure that a student enrolled in high school meets with a guidance counselor during either the second or third year of high school to discuss State and federal tuition assistance programs that may be available to the student to finance postsecondary educational opportunities.  The guidance counselor must also discuss options available to the student for dual enrollment in high school and an institution of higher education that will enable the student to earn college credit while still in high school and reduce the overall cost of a higher education.