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NY S01673

Bill

Status

Engrossed

3/20/2025

Primary Sponsor

Andrew Gounardes

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • 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

  • 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

  • Public employers must additionally provide information about public service loan forgiveness and repayment programs to eligible new employees

  • Materials must include direction to additional resources, including the Department of Financial Services' student lending resource center website

  • 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

Committee Referrals

Labor1/7/2026
Banks3/20/2025
Labor1/13/2025

Full Bill Text

No bill text available