"Education Investment Act"; establishes an equity financing for education program at certain public institutions of higher education.

The Education Investment Act (A2693) creates a new income-contingent financing program for undergraduate and graduate students at participating New Jersey public colleges and universities. Students can defer paying tuition and certain education expenses until after graduation, then repay a fixed percentage of their income over a set period - instead of taking traditional loans with fixed interest rates. Participating colleges select students for the program, set repayment terms (including payment percentage, duration, and conditions for deferral or cancellation), and may partner with third-party investors to cover initial costs during the deferment period. The program aims to reduce student debt burdens and encourage career choices based on interest rather than income potential, with colleges bearing costs during deferment but sharing future repayments with investors.