New York S 3738: Makes provisions with respect to student awards, loans and tuition assistance programs

Bill Text

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S03738 Summary:

BILL NOS03738 

&nbsp

SAME ASSAME AS A04897

&nbsp

SPONSORSTAVISKY

&nbsp

COSPNSRLIU, WEBB

&nbsp

MLTSPNSR

&nbsp

Amd §665, Ed L

&nbsp

Requires the higher education services corporation to make a determination of financial eligibility of a student for financial aid, awards and loans within 60 days from the day of the receipt of the financial aid application; where the higher education services corporation fails to make a timely determination the applicant shall be deemed eligible for such aid for the semester for which the application was made; allows for a 30-day extension if notice is given to the educational institution within the initial 60-day period.

Go to top S03738 Actions:

BILL NOS03738 

&nbsp

01/29/2025REFERRED TO HIGHER EDUCATION

02/03/20251ST REPORT CAL.227

02/04/20252ND REPORT CAL.

02/05/2025ADVANCED TO THIRD READING 

02/11/2025PASSED SENATE

02/11/2025DELIVERED TO ASSEMBLY

02/11/2025referred to higher education

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO HIGHER EDUCATION

Go to topS03738 Committee&nbspVotes:

Go to topS03738 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS03738 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3738

 2025-2026 Regular Sessions

 IN SENATE

 January 29, 2025
 ___________

 Introduced by Sen. STAVISKY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Higher Education

 AN ACT to amend the education law, in relation to general and academic
 performance awards, student loans and tuition assistance program
 awards

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 665 of the education law is amended by adding a new
 2 subdivision 8 to read as follows:
 3 8. Timeliness of financial aid determinations. Notwithstanding any
 4 other provision of law, the corporation shall make its determination of
 5 financial aid eligibility within sixty days from the day of the receipt
 6 of the completed financial aid application from the student. In the
 7 event that such financial aid determination is not made by the corpo-
 8 ration within sixty days after receipt of the completed financial aid
 9 application from the student, such student shall be deemed eligible to
 10 receive financial aid for the semester for which the completed financial
 11 aid application is made; provided, however, that the corporation may
 12 obtain an additional thirty day extension to make its eligibility deter-
 13 mination upon written notification to the institution within sixty days
 14 that additional time is necessary to examine and review the completed
 15 financial aid application of such student.
 16 § 2. This act shall take effect on the first of July in the second
 17 year next succeeding the year in which it shall have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07676-01-5

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