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NY A00639

Bill

Status

Introduced

1/8/2025

Primary Sponsor

Ron Kim

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Requires the Labor Commissioner, in consultation with the Higher Education Services Corporation president and Superintendent of Financial Services, to develop written materials about student loan repayment options, including consolidation, income-based repayment plans, and federal loan programs

  • Mandates all New York employers provide student loan repayment information notices to new hires for post-graduate internships or entry-level positions requiring an associate's degree or higher

  • Requires public employers to additionally provide information about public service loan forgiveness programs to eligible new hires

  • Defines "student loan" as any loan financing post-secondary education or related expenses, and "borrower" as any state resident with a student loan obligation

  • Takes effect 180 days after becoming law, with authority to develop implementing regulations immediately upon enactment

Legislative Description

Directs the development of materials to be provided to new employees relating to student loan repayment information.

Last Action

referred to banks

1/7/2026

Committee Referrals

Banks1/8/2025

Full Bill Text

No bill text available