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 ensuring colleges provide clear, standardized financial aid offers to students. The guidelines mandate that institutions disclose direct/indirect costs, total and net price of attendance, standardized terms for aid types, student rights to accept/decline offers, contact information for assistance, and ban the term "award" in offers. It directly affects all New Jersey colleges and universities (including proprietary institutions) that receive state funding, aiming to address transparency gaps identified in a 2022 GAO report where most schools failed to provide key cost information. The guidelines must align with federal requirements and existing state law on financial aid transparency.