Prohibits institutions of higher education and certain proprietary institutions from withholding transcript due to outstanding student account balance; establishes penalties for noncompliance.

This bill prohibits New Jersey colleges and universities, as well as licensed proprietary schools, from withholding student transcripts due to unpaid balances. It directly affects current and former students who owe money to institutions, preventing schools from refusing transcripts, charging extra fees for them, or using transcripts as a debt collection tool. Key provisions require institutions to provide transcripts within 10 business days or face $500 daily penalties for each day of noncompliance. The law specifically allows institutions to charge standard fees for transcript processing but bans using debt collection tactics through transcript access.