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NY A08432
Bill
Status
12/29/2023
Primary Sponsor
Patricia Fahy
Click for details
AI Summary
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Eliminates separate award criteria for dependent and independent students under the Tuition Assistance Program (TAP).
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Simplifies the income reduction schedule by removing the special reduced schedule previously applied to independent students with exclusion of parental income.
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All undergraduate students at eligible degree-granting institutions and non-profit business schools will receive $5,665 annually (or $4,500 for non-baccalaureate programs) before income-based reductions, effective from academic year 2021-2022 forward.
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Applies a uniform income reduction schedule to all students based on income thresholds ranging from less than $7,000 (no reduction) to over $18,000 (reduction formula applies).
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Takes effect 180 days after becoming law.
Legislative Description
Relates to the criteria for determining tuition assistance program awards; provides for the elimination of the distinction between dependent students and independent students for the purpose of determining tuition assistance program award amounts and eligibility.
Last Action
referred to higher education
1/3/2024