Requires four-year institutions of higher education to offer accelerated three-year baccalaureate degree programs.

This bill requires New Jersey's four-year colleges and universities to offer bachelor's degree programs that students can complete in three years, starting by the 2024-2025 academic year. It mandates that these accelerated programs maintain the same credit and academic requirements as traditional four-year degrees, require summer coursework for two consecutive summers (with limited opt-out options), and guarantee course availability and internship integration. The bill exempts institutions with three or fewer undergraduate programs or those without summer sessions, though the state education secretary must encourage these schools to adopt the programs. Students in these programs may use state financial aid for summer tuition and housing costs, and institutions must report their implementation plans by January 2023.