NY S01566

Requires all colleges and universities in New York to disclose in writing any perquisites (expenses for travel, lodging, food, entertainment, or direct financial benefits) received from study abroad programs in which their students participate.

Mandates disclosure of actual costs paid by a college/university when it covers a student's study abroad program costs while the student pays regular semester tuition to the institution.

Defines study abroad programs as programs coordinated by New York colleges/universities and private organizations that allow students to work or study outside the United States.

Applies to all institutions of higher education recognized and approved by the Regents of the University of the State of New York that grant post-secondary degrees or diplomas.

Takes effect 120 days after becoming law.