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NY A00786
Bill
Status
1/8/2025
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
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Prohibits independent (private) higher education institutions in New York from collecting financial information from a student's non-custodial parent when determining financial aid awards
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Requires private colleges to develop their student financial aid formulas, including expected family contribution calculations, independently without consulting or coordinating with outside standard-setting organizations
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Effectively bans use of the CSS Profile or similar third-party financial aid assessment tools that currently require non-custodial parent financial data
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Takes effect January 1 of the year following enactment
Legislative Description
Prohibits independent higher education institutions from collecting financial information from a student's or prospective student's non-custodial parent; requires that private colleges use student financial aid formulas that are arrived at independently, without coordination with outside standard setting organizations.
Last Action
referred to higher education
1/7/2026