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NY A05539
Bill
Status
2/14/2025
Primary Sponsor
Alicia Hyndman
Click for details
AI Summary
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Increases the income threshold for receiving full Tuition Assistance Program (TAP) awards from $7,000 to $18,000, meaning students with income below $18,000 would receive no reduction to their base award amount
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Eliminates the intermediate reduction tiers that previously applied to incomes between $7,000 and $18,000, which had imposed 7% and 10% reductions at various income levels
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Maintains the existing reduction formula for incomes between $18,000 and $125,000, with a $980 reduction plus 12% of income exceeding $18,000
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Takes effect 180 days after becoming law
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Introduced by Assembly Member Hyndman and referred to the Committee on Higher Education
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
1/7/2026