Revising High School Student Financial Aid Application Requirements
Navigating the college financial aid process can be overwhelming for students and families. Assembly Bill A4019 seeks to ensure that all high school graduates are aware of financial aid opportunities by making the completion of a financial aid application a permanent graduation requirement in New Jersey.
What the Bills Propose
A4019 requires high school students, along with their parents or guardians, to complete and submit a financial aid application—such as the Free Application for Federal Student Aid (FAFSA) or the New Jersey Alternative Financial Aid Application—before receiving a high school diploma. A waiver option remains available for students who choose not to apply. The bill makes this requirement permanent, extending it beyond the initial trial period set for the 2023-2024 school year.
Why It’s Important
Many students miss out on financial aid simply because they do not apply. By ensuring that every student is introduced to the process, A4019 increases awareness of grants, scholarships, and loans that could make college more affordable. The bill is especially critical for low-income students, who may not realize they qualify for significant aid without completing the application.
The bill also provides support and resources to guide students and families through the process. The Higher Education Student Assistance Authority (HESAA) will develop webinars, guidance documents, and online tools to assist with financial aid applications. Schools will be responsible for distributing these materials, ensuring that students have access to the help they need.
Why Now?
With college costs rising, financial aid is more essential than ever. Many states have already implemented similar policies, recognizing that requiring financial aid applications leads to increased college enrollment and completion rates. By making this a permanent requirement, New Jersey can take proactive steps to ensure that every student has the opportunity to pursue higher education without financial barriers.
