A 6187 New Jersey General Assembly · 2024-2025 Regular Session

Modifies matching grant criteria for New Jersey Better Educational Savings Trust accounts.

This bill modifies New Jersey's NJBEST savings program to provide a dollar-for-dollar match on all initial deposits to accounts, up to $750 total. It directly affects low-income residents (with gross income of $75,000 or less) who open NJBEST accounts. Previously, these account holders could only receive one matching grant for their initial deposit, but the change allows multiple matches for each new initial deposit. This makes the program more flexible for families building savings through multiple contributions.
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2025
Committee Review
Floor Vote
Governor
Introduced Dec 8, 2025 Last action Dec 8, 2025
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Dec 8, 2025
Introduced
Introduced in the Assembly, Referred to Assembly Higher Education Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Avi Schnall
Avi Schnall
DDemocratic
NJ
30