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NY A05704
Bill
Status
2/20/2025
Primary Sponsor
Michaelle Solages
Click for details
AI Summary
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Creates the New York State Child Care Provider Loan Forgiveness Program to increase the number of child care providers working in the state
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Applicants must have graduated from an accredited two or four-year college or university located in New York, have outstanding student loan debt, and be employed full-time as a child care provider in the state
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Awards provide up to $10,000 per year for a maximum of four years, with a total cap of $40,000 per recipient
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Awards are granted on a competitive basis and cannot exceed the applicant's total student loan debt
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The Higher Education Services Corporation is authorized to promulgate rules and emergency regulations to implement the program
Legislative Description
Establishes a loan forgiveness program for child care providers that have earned an undergraduate or graduate degree from a two or four year college or university in the state.
Last Action
referred to higher education
1/7/2026