Directs Secretary of Higher Education to establish performance-based funding plans for public institutions of higher education.

This bill directs New Jersey's Secretary of Higher Education to create performance-based funding plans for public colleges and universities. It requires tying a growing percentage of state operating aid (starting at 5% in FY2019 and rising to 25% by FY2023) to specific student outcome metrics, such as credit completion, graduation rates, and degree attainment in fields like STEM. County colleges will be measured on metrics like remedial course progression and associate degree completion, while four-year institutions will be evaluated on retention, transfers, and employment rates. The plan includes a "learning year" in FY2018 (no funding impact but detailed reports provided) and a 2% funding reduction cap for institutions in FY2019.