Allows students to use certain grant awards during summer session.

This bill allows students in New Jersey to use a portion of their tuition aid grants or opportunity grants to pay for summer courses that help them meet graduation requirements or earn major credits. To use these funds, students must notify their financial aid authorities before the academic year begins, which reduces the amount of grant money they receive during the regular semester. The legislation also requires annual reporting on how many students use these grants for summer classes and their subsequent graduation rates within normal timeframes. Finally, the bill clarifies that using grant funds for summer sessions does not count toward the total number of years a student is eligible to receive financial aid.