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Reciprocity Agreement (SARA)
New Jersey Educational Opportunity Fund was created by law in
1968 to ensure meaningful access to higher education for those
who come from backgrounds of economic and educational disadvantage.
The Fund assists low-income New Jersey residents who are capable
and motivated but lack adequate preparation for college study.
Fund is distinctive in the comprehensiveness of its approach.
To ensure the opportunity to attend college, the Fund provides
supplemental financial aid to help cover college costs (such
as books, fees, room and board) that are not covered by the state's Tuition
Aid Grant program. To ensure a viable opportunity to succeed
and graduate, the Fund supports a wide array of campus-based
outreach and support services at 28 public and 13 independent
Fund is governed by a Board
of Directors, appointed by the Governor. The Board
sets policy, approves all necessary regulations for program operation
and student eligibility,
develops the annual budget request for the statewide program,
and supports EOF undergraduate and graduate programs at public
and independent colleges and universities. The EOF Board also has statutory responsibility for the C. Clyde Ferguson Law and the Martin Luther King Physician-Dentistry programs. However, neither program is currently funded.