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 based on 10 best practices identified in a 2022 U.S. Government Accountability Office (GAO) report. It directly affects all New Jersey institutions of higher education and proprietary schools offering degrees by mandating they clearly show: total and net costs of attendance, direct vs. indirect expenses, standardized terms for aid, student rights to accept/decline offers, contact information for aid assistance, and banning the term "award" in offers. The guidelines must align with federal "College Financing Plan" standards and avoid duplicating federal requirements. The goal is to improve transparency in financial aid offers, addressing findings that most institutions currently omit key cost details like net price or total attendance costs.