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NY A08433
Bill
Status
Introduced
12/29/2023
Primary Sponsor
Patricia Fahy
Click for details
AI Summary
- Increases the income threshold at which Tuition Assistance Program (TAP) awards begin to phase out from $7,000 to $18,000 in annual income
- Eliminates the reduction of TAP base awards for students with income less than $18,000 (previously reductions began at $7,000)
- Removes the intermediate income brackets ($7,000-$11,000 and $11,000-$18,000) and consolidates the award reduction schedule
- Applies a uniform 12% reduction rate plus $980 base reduction for students with income between $18,000 and $80,000
- Takes effect 180 days after becoming law
Legislative Description
Relates to increasing the phase-out threshold for tuition assistance program awards from seven thousand dollars to eighteen thousand dollars.
Last Action
referred to higher education
1/3/2024
Committee Referrals
Higher Education12/29/2023
Full Bill Text
No bill text available