NY A08951

Excludes a dependent student's own income from the adjusted gross income calculation when determining eligibility for the Excelsior Scholarship program, which has an income cap of $125,000 for combined family income

Excludes a dependent student's own income from the total income calculation for Tuition Assistance Program (TAP) eligibility

Revises the award reduction schedule for single students with no dependents who have been granted exclusion of parental income, raising the income threshold where reductions begin from $3,000 to $7,000

Creates a new graduated reduction schedule with income brackets up to $125,000, replacing the previous 31% flat reduction rate with tiered percentages of 7%, 10%, and 12% at different income levels

Specifies that students who have not been granted exclusion of parental income and are single with no dependents will not have their own income counted when calculating award reductions