Requires tuition aid grant amounts to be equal for students enrolled in independent institutions of higher education and students enrolled in four-year public institutions of higher education.

This bill requires New Jersey's tuition aid grants to be equal for students at public and private four-year colleges based on financial need. Currently, students at private institutions receive higher grant amounts than those at public universities for similar need. The bill mandates equal award values but caps grants at the actual tuition cost of public institutions. It affects approximately 65,000-70,000 annual recipients of the state's largest need-based aid program.