Prohibits public institutions of higher education from increasing resident undergraduate tuition by more than two percent over prior academic year.

This bill (A4538) caps annual tuition increases for in-state undergraduate students at New Jersey's public colleges and universities at 2% above the previous year's rate. It directly affects public institutions of higher education and resident undergraduate students by restricting how much tuition can rise each academic year. The law takes effect immediately for the first full academic year after enactment, applying to all public higher education institutions in New Jersey.