Revises NJBEST one-time grant to annual grant of up to $1,500 for certain contributors.

This bill (S 3180) changes New Jersey's NJBEST savings program from a one-time $750 grant to an annual $1,500 grant for eligible account owners. It provides a three-to-one match on annual deposits (up to $1,500 per year) for contributors with adjusted gross income between $0 and $75,000, until the designated beneficiary turns 14. The grant is funded through administrative fees collected by the program. This policy directly affects low-to-moderate-income New Jersey families saving for higher education.