New York S 4701: Requires degree-granting institutions of higher education to make certain biennial disclosures

Bill Text

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S04701 Summary:

BILL NOS04701 

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SAME ASNo Same As

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SPONSORCLEARE

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COSPNSR

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MLTSPNSR

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Add §239-c, Ed L

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Requires degree-granting institutions of higher education to make certain biennial disclosures and to conspicuously publish the report on the website of such institution and submit the website address of such report to the department.

Go to top S04701 Actions:

BILL NOS04701 

&nbsp

02/11/2025REFERRED TO HIGHER EDUCATION

01/07/2026REFERRED TO HIGHER EDUCATION

Go to topS04701 Committee&nbspVotes:

Go to topS04701 Floor&nbspVotes:

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

Go to topS04701 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4701

 2025-2026 Regular Sessions

 IN SENATE

 February 11, 2025
 ___________

 Introduced by Sen. CLEARE -- 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 requiring degree-
 granting institutions of higher education to make certain biennial
 disclosures

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

 1 Section 1. The education law is amended by adding a new section 239-c
 2 to read as follows:
 3 § 239-c. Biennial disclosures. 1. All degree-granting institutions of
 4 higher education offering registered undergraduate programs shall make
 5 and publish a biennial report disclosing the following, based on the
 6 most recent data or calculations available, and based on audited or
 7 agency-reviewed data whenever available:
 8 (a) whether such institution is a degree-granting proprietary institu-
 9 tion of higher education, a non-profit institution of higher education
 10 or a public institution of higher education;
 11 (b) except for public institutions of higher education, the ownership
 12 or ownership interest and control of such institution;
 13 (c) whether the institution has the authority to confer two-year
 14 degrees, four-year degrees or both;
 15 (d) a schedule of all tuition, mandatory fees and other mandatory
 16 costs to attend such institution, per semester or, when applicable, per
 17 quarter;
 18 (e) in the case of any degree-granting proprietary institution of
 19 higher education, the gross profit of such institution as stated in the
 20 institution's most recent audited financial statement shall be reported
 21 as a dollar amount;
 22 (f) the amount of spending on instruction, post-enrollment academic
 23 support, and post-enrollment student services determined in a manner
 24 consistent with the spending categories used by the federal Integrated

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09397-01-5

 S. 4701 2

 1 Postsecondary Education Data System except the amounts (i) may include
 2 expenses for course design and instructor support related to distance
 3 learning, and (ii) shall exclude expenses for advertising, recruiting,
 4 admissions, and other activities related to students not yet enrolled in
 5 an institution. In the case of publicly funded institutions, reporting
 6 of such expenses is required when those expenses exceed two percent of
 7 the operating funds derived from state sources;
 8 (g) marketing and recruitment expenditures as stated in the insti-
 9 tution's most recently audited financial statement shall be expressed
 10 both as a dollar amount and as a percentage of the overall budget of
 11 such institution. In the case of publicly funded institutions, report-
 12 ing of such expenses is required when those expenses exceed two percent
 13 of the operating funds derived from state sources; and
 14 (h) when such information is publicly available or accessible to the
 15 institution:
 16 (i) median earnings one year after graduating from such institution
 17 separated by program;
 18 (ii) the percentage of students who take out federal loans to attend
 19 such institution;
 20 (iii) the average dollar amount of federal loans taken out by students
 21 to attend such institution;
 22 (iv) the average dollar amount of private loans taken out by students
 23 to attend such institution;
 24 (v) the amount in dollars that such institution receives f