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NY S01673
Bill
Status
3/20/2025
Primary Sponsor
Andrew Gounardes
Click for details
AI Summary
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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 and income-based federal repayment plans
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Mandates all New York employers provide the student loan repayment notice to new hires in post-graduate internships or entry-level positions requiring an associate's degree or higher
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Public employers must additionally provide information about public service loan forgiveness and repayment programs to eligible new employees
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Materials must include direction to additional resources, including the Department of Financial Services' student lending resource center website
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Takes effect 180 days after becoming law, with authority to develop necessary rules and regulations immediately upon passage
Legislative Description
Directs the development of materials to be provided to new employees relating to student loan repayment information.
Last Action
REFERRED TO LABOR
1/7/2026