Legislation approved by the New Jersey Assembly's higher education committee would freeze tuition for state residents for nine consecutive semesters-- whether they attend a public or private college in the state, NJ.com reported. Numerous states have frozen tuition at public colleges, but it would be highly unusual -- and quite possibly unenforceable -- for lawmakers to seek to do so at private nonprofit institutions. The legislation would exempt any institution with an endowment of more than $1 billion from having to adopt any possible freeze; that provision would affect only Princeton University.
Public college officials object to the measure, which they say will leave colleges without sufficient revenue as their funding from the state has declined by 25 percent over a decade. The measure is not expected to gain much traction in the Legislature.