S 3064
Establishes "Minority-Serving State College and University Stabilization Program" in Office of Secretary of Higher Education; appropriates $20 million.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill creates the "Minority-Serving State College and University Stabilization Program" within the New Jersey Office of the Secretary of Higher Education, allocating $20 million to support minority-serving colleges and universities. The program aims to provide grants to institutions facing declining enrollment and faculty reductions due to financial challenges. Institutions must submit a detailed stabilization plan outlining their financial distress, enrollment recovery strategies, and staff restoration plans, incorporating input from faculty, staff, and the broader community.
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