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NY A00186
Bill
Status
1/4/2023
Primary Sponsor
William Magnarelli
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AI Summary
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Establishes the New York State Child Care Professionals Loan Forgiveness Incentive Program to award student loan forgiveness to increase the number of child care professionals in the state.
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Requires applicants to be New York state residents who have graduated from a regents-approved institution and have outstanding student loan debt.
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Requires twelve months of prior service as a child care professional in a licensed or registered child day care facility to receive awards.
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Provides awards up to $25,000, distributed in five equal annual payments of 20% each upon completion of years one through five of employment.
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Awards are made annually for up to five years to eligible applicants who remain certified and employed, subject to available appropriated funds.
Legislative Description
Creates the child care professionals loan forgiveness incentive program for applicants who agree to engage in employment in the child care field; establishes the eligibility for such awards; establishes the amount and duration of such awards.
Last Action
referred to higher education
1/3/2024