Permits four-year institution of higher education to award associate degrees.

This bill allows four-year New Jersey colleges (like Rutgers or Rowan) to offer associate degrees to students who complete 60 or more academic credits at that institution, including at least 30 credits earned there. It directly affects students who may not complete bachelor's degrees but can earn a two-year credential, and requires institutions to meet accreditation standards, provide course advising, and notify students of their eligibility. Key mechanisms include setting program requirements (like degree offerings matching campus resources), annual reporting to the state on conferred degrees, and ensuring transfer students qualify if they earned 30+ credits at the four-year school. The bill takes effect for the first full academic year after enactment.