Prohibits public institutions of higher education from increasing resident undergraduate and graduate tuition and fees by more than 4% over the prior academic year.

This bill caps annual tuition and fee increases for resident undergraduate and graduate students at New Jersey public colleges and universities at 4% or less compared to the previous academic year. It directly affects public higher education institutions and all students enrolled in degree programs, including graduate programs like law, medicine, business, and nursing. The key provision requires institutions to limit tuition and fee hikes to 4% annually, overriding any existing rules that might permit higher increases. The bill takes immediate effect and applies to all public institutions for the 2024-2025 academic year and beyond.