Requires Secretary of Higher Education to establish guidelines regarding best practices for student financial aid offers.

This bill requires New Jersey's Secretary of Higher Education to create guidelines for colleges and universities to improve transparency in student financial aid offers. The guidelines must ensure offers clearly show total and net costs, differentiate direct/indirect expenses, standardize terms, explain aid acceptance rights, include institution contact info, and ban the term "award." It directly affects all New Jersey public and private colleges, as well as proprietary schools licensed to grant degrees. The goal is to address widespread transparency issues identified in a 2022 federal report, where most schools failed to provide essential cost details for informed student decisions.