Requires institutions of higher education to distribute information on availability of allowance for dependent care expenses in determination of cost of attendance.

This bill requires New Jersey colleges and universities to provide clear information about a federal dependent care allowance that can be added to a student's cost of attendance for expenses related to dependents. Institutions must include this information in financial aid "shopping sheets" given to prospective students with dependents, post it on their websites, and provide a hard copy with paper admission applications. The details must cover how to request the allowance and note that using it may increase future student loan obligations. This change aims to help student parents better understand and access available financial aid options.