Students and their families now pay—or borrow—much more than they can afford to get a higher education. New Jersey exports more college students out of state than any other state, a trend which will have grave consequences for New Jersey’s future economy.
Overall, New Jersey’s higher education funding fell from its peak of $2.33 billion in 2006 to $1.93 billion in 2013, a 17 percent decline. Funding per full-time equivalent student has fallen 29 percent since 2006.
I will reverse this trend which will make New Jersey more affordable for students and their families.
I have sponsored the Public-Private Partnership Act which allowed The College of New Jersey to develop a Campus Town, Montclair State University to develop a state of the art residential complex, Stockton College to develop classrooms and a museum, Rowan University to develop a Technology Park, William Paterson University to develop a Solar Energy Facility and at New Jersey City University, University Place, 163 market-rate apartment units, 10,000 square feet of retail, 177 structured parking spaces, two bike terminals and more than 25,000 square feet of indoor/outdoor amenity space enhancing not only the University but also downtown Jersey City.
Making Higher Education Affordable
- Cap loan payments after graduation at 10% of take home pay.
- Increase State aid per full time student by 30%.