Requires public institutions of higher education to provide student-athletes who lose athletic scholarships because of injuries sustained while participating in athletic program with equivalent scholarships.

This bill requires New Jersey public colleges to provide student-athletes with an equivalent scholarship if their athletic scholarship isn't renewed due to a serious injury or illness directly related to their sport. It applies specifically to student-athletes who become medically ineligible to compete because of such an injury. The new scholarship must cover the same value as the lost athletic scholarship, and combined with any prior athletic scholarships, it must last for up to five academic years or until the student earns their degree - whichever comes first. Public institutions may choose to offer additional years beyond the five-year limit at their discretion.