Prohibits public institutions of higher education from increasing resident undergraduate tuition by more than two percent over prior academic year.

This bill (S 3723) caps annual tuition increases for in-state undergraduate students at public New Jersey colleges and universities at 2% over the previous academic year. It directly affects public institutions of higher education and their resident undergraduate students by restricting how much tuition can rise each year. The key provision prohibits any increase exceeding this 2% limit, regardless of existing laws or regulations. The rule takes effect immediately for the first full academic year after enactment.