New Jersey Statutes 18A:71B-37. New Jersey Better Educational Savings Trust created
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Terms Used In New Jersey Statutes 18A:71B-37
- Higher education: means that education which is provided by any or all of the public institutions of higher education as herein defined and any or all equivalent private institutions. See New Jersey Statutes 18A:1-1
- Trustee: A person or institution holding and administering property in trust.
18A:71B-37. New Jersey Better Educational Savings Trust Created.
There is created within the Higher Education Student Assistance Authority the New Jersey Better Educational Savings Trust (NJBEST). The trust shall provide a mechanism through which the authority, as trustee, holds accounts established and maintained pursuant to the provisions of this article to finance the cost of qualified higher education expenses.
L.1999,c.46,s.1.