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

This bill caps annual tuition increases for resident undergraduate students at New Jersey's public colleges and universities at no more than 2% above the previous year's rate. It directly affects public higher education institutions and in-state undergraduate students by limiting how much tuition can rise each academic year. The key provision prohibits any institution from raising resident undergraduate tuition rates beyond this 2% threshold, regardless of existing laws or regulations. The law takes effect immediately for the first full academic year after enactment, applying to all public institutions of higher education in the state.