SMART Prices Act
Bill S 1836 prohibits TAP grants for students at for-profit universities, redirecting funds to non-profit institutions to enhance educational quality and equity.
Bill S 1836 prohibits TAP grants for students at for-profit universities, redirecting funds to non-profit institutions to enhance educational quality and equity.
Bill Number: S 1836
Title: Prohibits awarding TAP grants to those enrolled at for-profit universities
Status: PRINT NUMBER 1836A
Introduced: January 14, 2025
Classification: Bill
Bill S 1836 aims to prohibit the awarding of Tuition Assistance Program (TAP) grants to students who are enrolled in for-profit universities. The intent behind this legislation is to ensure that state-funded educational resources are allocated to institutions that provide quality education and support to students, thereby protecting taxpayer investments and promoting educational equity.
Prohibition of TAP Grants: The bill specifically prohibits the distribution of TAP grants to students attending for-profit universities. This change is designed to redirect financial aid towards non-profit educational institutions, which are often perceived to offer more stable and beneficial educational outcomes.
Implementation Timeline: The bill was introduced on January 14, 2025, and has undergone amendments as of April 1, 2025. It is currently printed as number 1836A, indicating that it has been revised since its introduction.
Students: The primary group affected by this bill will be students currently enrolled or planning to enroll in for-profit universities. These students will no longer be eligible for TAP grants, which may impact their ability to finance their education.
For-Profit Universities: Institutions classified as for-profit will be directly impacted, as they will lose a significant source of funding for their students. This could lead to changes in enrollment numbers and financial stability for these institutions.
Non-Profit Educational Institutions: Conversely, non-profit universities may benefit from this legislation as it could lead to an increase in TAP funding directed towards their students.
This bill is related to several prior-session bills, including:
- S 5607
- S 1628
- S 1079
Additionally, it has a companion bill in the Assembly, A 5515, which may address similar issues regarding funding and educational institutions.
Bill S 1836 represents a significant shift in the allocation of state educational funds, aiming to enhance the quality and equity of higher education by restricting financial aid to for-profit institutions. As the bill progresses through the legislative process, its implications for students and educational institutions will continue to be a focal point of discussion.
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