New York S 1498: Relates to the criteria for determining tuition assistance program awards

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S01498 Summary:

BILL NOS01498 

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SAME ASNo Same As

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SPONSORFAHY

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COSPNSRJACKSON

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MLTSPNSR

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Amd §667, Ed L

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Relates to the criteria for determining tuition assistance program awards; provides for the elimination of the distinction between dependent students and independent students for the purpose of determining tuition assistance program award amounts and eligibility.

Go to top S01498 Actions:

BILL NOS01498 

&nbsp

01/10/2025REFERRED TO HIGHER EDUCATION

01/07/2026REFERRED TO HIGHER EDUCATION

Go to topS01498 Committee&nbspVotes:

Go to topS01498 Floor&nbspVotes:

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

Go to topS01498 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1498

 2025-2026 Regular Sessions

 IN SENATE

 January 10, 2025
 ___________

 Introduced by Sen. FAHY -- 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 the criteria for
 determining 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. Subdivision 3 of section 667 of the education law, as added
 2 by chapter 83 of the laws of 1995, paragraph a as amended by section 1
 3 and subparagraph (iv) of paragraph b as amended by section 3 of part B
 4 of chapter 60 of the laws of 2000, clause (A) of subparagraph (i) of
 5 paragraph a as amended by section 1 and subparagraphs (i) and (ii) of
 6 paragraph b as amended by section 2 of part DD of chapter 56 of the laws
 7 of 2021, subparagraphs (ii), (iii) and (vi) of paragraph a as amended
 8 and paragraph (vii) as added by section 1 of part X of chapter 56 of the
 9 laws of 2024, and paragraph c as relettered by section 2 of part J of
 10 chapter 58 of the laws of 2011 and paragraph b as amended by chapter 309
 11 of the laws of 1996, is amended to read as follows:
 12 3. Tuition assistance program awards.
 13 a. Amount. The president shall make awards to students enrolled in
 14 degree-granting institutions or registered not-for-profit business
 15 schools qualified for tax exemption under § 501(c)(3) of the internal
 16 revenue code for federal income tax purposes in the following amounts:
 17 (i) For each year of undergraduate study, assistance shall be provided
 18 as computed on the basis of the amount which is the lesser of the
 19 following:
 20 (A) [(1) In the case of students who have not been granted an exclu-
 21 sion of parental income, who have qualified as an orphan, foster child,
 22 or ward of the court for the purposes of federal student financial aid
 23 programs authorized by Title IV of the Higher Education Act of 1965, as
 24 amended, or had a dependent for income tax purposes during the tax year
 25 next preceding the academic year for which application is made, except

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00567-01-5

 S. 1498 2

 1 for those students who have been granted exclusion of parental income
 2 who have a spouse but no other dependent:
 3 (a)] Five thousand dollars, except starting in two thousand fourteen-
 4 two thousand fifteen such students shall receive five thousand one
 5 hundred sixty-five dollars, and except starting in two thousand twenty-
 6 one--two thousand twenty-two and thereafter such students shall receive
 7 five thousand six hundred sixty-five dollars, provided however that
 8 nothing herein shall be construed as increasing any award made pursuant
 9 to this section for an academic year prior to two thousand twenty-one--
 10 two thousand twenty-two; or
 11 [(b)] (B) For undergraduate students enrolled in a program of study at
 12 a non-public degree-granting institution that does not offer a program
 13 of study that leads to a baccalaureate degree, or at a registered not-
 14 for-profit business school qualified for tax exemption under section
 15 501(c)(3) of the internal revenue code for federal income tax purposes
 16 that does not offer a program of study that leads to a baccalaureate
 17 degree, four thousand dollars, except starting in two thousand twenty-
 18 one--two thousand twenty-two and thereafter such