Requires Higher Education Student Assistance Authority to permit certain students to submit monthly expense and resource statement for income verification; requires Higher Education Student Assistance Authority to impute in-kind support amounts.

This bill (S 1454) requires New Jersey's Higher Education Student Assistance Authority (HESAA) to allow students applying for state grants or scholarships to submit a monthly expense and resource statement instead of traditional income verification documents (like tax returns) when their income/assets cannot be confirmed through government records. It specifically mandates HESAA to estimate a minimal standard of living (e.g., housing, food costs) as "in-kind support" if a student reports zero income. This change directly affects students from low-income households or those without verifiable financial documentation, ensuring they are not automatically denied aid. The policy applies to all New Jersey state student aid programs and takes effect for the first full academic year after enactment.