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Bill

Bill

A 1212

Modifies matching grant criteria for New Jersey Better Educational Savings Trust accounts.

2026-2027 Regular Session Introduced by Craig Coughlin and 2 co-sponsors

Bill A 1212 modifies New Jersey's 529 college savings plan matching grant criteria, adjusting eligibility requirements and state contribution levels for account holders.

Reported and Referred to Assembly Appropriations Committee
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Bill Summary · A 1212

Legislative bill overview

Bill A 1212 modifies the eligibility requirements and matching grant criteria for the New Jersey Better Educational Savings Trust (NJBEST), a state-sponsored 529 college savings plan. The bill adjusts how the state matches contributions made by account holders, likely changing income thresholds, match percentages, or other qualifying conditions for receiving state funds.

Why is this important

NJBEST matching grants directly reduce the cost of higher education for participating families by providing free money to their savings accounts. Changes to matching criteria affect which households benefit from state education funding and how much incentive exists for middle and lower-income families to save for college expenses.

Potential points of contention

  • Budget impact: Expanding or restricting matching grant eligibility changes state spending on education; broader eligibility costs more, narrower eligibility affects fewer families
  • Income threshold changes: Modifications could help or harm specific income groups, raising equity concerns about who receives state education support
  • Program accessibility: Changes to criteria may simplify or complicate participation, potentially affecting enrollment rates among intended beneficiaries

Compiled from official sources — confirm details with the bill’s official record.

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