Phases out State tuition aid grants for students enrolled in proprietary institutions.

This bill phases out New Jersey's state tuition aid grants for students attending proprietary (for-profit) colleges. Starting with the first full academic year after enactment, new students at these institutions will no longer qualify for state aid grants. Current students who received aid before the phase-out period can continue receiving it until they are no longer eligible under existing rules. The policy directly affects students at licensed for-profit colleges seeking state financial assistance for tuition.