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NY A03064

Bill

Official Source

Status

Introduced

2/2/2023

Primary Sponsor

Edward Ra

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Increases the income threshold for reduced Tuition Assistance Program (TAP) awards from $80,000 to $125,000 for determining financial need eligibility.

  • Raises the minimum TAP award from $500 to $1,000 for eligible students in the 2002-2003 academic year and thereafter.

  • Modifies the income reduction schedule to apply a 12 percent reduction on income above $18,000 up to the new $125,000 threshold, replacing the previous $80,000 cap.

  • Takes effect immediately upon enactment.

Legislative Description

Increases the minimum tuition assistance program award; increases the maximum parental income amount.

Last Action

referred to higher education

1/3/2024

Committee Referrals

Higher Education2/2/2023

Full Bill Text

No bill text available