This bill increases the maximum family income level for qualifying for state tuition assistance to $150,000 annually. It directly affects students from families earning up to $150,000, expanding program eligibility to include more middle-income households. The law adjusts the income-based calculation method, applying specific percentage reductions to earnings above certain thresholds to determine aid amounts.
Creates city university of New York center for excellence in urban education to enhance the quality of teaching in public schools in NYC; establishes the regents public school teacher loan forgiveness program to allocate awards annually to teachers who agree to teach public school in an area of New York state designated by the board of regents as having a shortage of public school teachers.
Establishes the student loan borrower bill of rights to protect borrowers and ensure that student loan servicers act more as loan counselors than debt collectors.
Provides that students who receive a high school diploma from an online high school program located within the United States that is accredited in accordance with the Job Corps Policy and Requirements Handbook shall be eligible for admission to colleges and financial aid.
Establishes a school-based mental health loan repayment program to aid youth mental health practitioners; provides for awards up to thirty thousand dollars to eligible applicants who agree to four years of service in underserved schools.
This bill removes a requirement that applicants for New York's Opportunity Promise Scholarship must not have already earned any postsecondary degree. It specifically allows students already enrolled in eligible associate degree programs as of the law's effective date to qualify, provided they meet all other eligibility criteria. The change affects current community college students pursuing associate degrees in high-demand fields like nursing, cybersecurity, or green energy, without altering other requirements such as enrollment in approved programs. The amendment to Education Law Section 6311 takes effect immediately upon enactment.
Establishes the New York state nursing faculty scholarship incentive program for advanced degrees in nursing; provides such incentives shall be awarded annually, on a competitive basis, to registered professional nurses and certified nurse practitioners who are in a masters or doctoral program and agree to teach nursing for one year for each year such incentive is awarded.
Creates the child care professionals loan forgiveness incentive program for applicants who agree to engage in employment in the child care field; establishes the eligibility for such awards; establishes the amount and duration of such awards.
Creates the city university of New York center for excellence in urban education to enhance the quality of teaching in public schools in NYC; establishes the regents public school teacher loan forgiveness program to allocate awards annually to teachers who agree to teach public school in an area of New York state designated by the board of regents as having a shortage of public school teachers.
Provides for high need and average need school districts to receive additional financial aid for each student if such school district spends ten percent less per student than the regional average spending per student.