Establishes the SUNY downstate medical support fund to provide financial support for infrastructural upgrades and expansion; facilitates research and development grants in medical and health-related fields; offers scholarships and financial aid; supports community health initiatives and outreach programs.
Establishes the community college merit and mobility scholarship for the purpose of granting merit based scholarships to students who attend a New York state community college; provides for eligibility and awards.
Relates to student financial aid programs; allows absence because of uniformed service, maternity/paternity, FMLA, or due to compensable injury to be creditable time.
Directs the New York state higher education services corporation to conduct an audit of the excelsior scholarship program to determine the financial need and diversity of scholarship applicants and recipients; provides for the repeal of such provisions upon the expiration thereof.
Renames the state aid for certain independent institutions of higher learning to the Leonard P. Stavisky student success grants; requires certain institutions and colleges to submit a report on the use of the state aid apportionment received including how it supported student success.
Establishes a personal income tax deduction for the interest paid on student loans by individual taxpayers having a federal adjusted income of between $65,000 and $125,000, and married taxpayers filing jointly having a federal adjusted income of between $130,000 and $250,000.
Exempts the income of dependent applicants from their eligibility determination for excelsior scholarship and tuition assistance program awards and makes adjustments to certain award reduction schedules.
Establishes the SUNY downstate medical support fund to provide financial support for infrastructural upgrades and expansion; facilitates research and development grants in medical and health-related fields; offers scholarships and financial aid; supports community health initiatives and outreach programs.
Authorizes a fee waiver for applications to SUNY and CUNY if a prospective student, either a high school senior, or a person completing a gap year, submits and completes the FAFSA form.
This bill (S 6155) modifies New York's Excelsior Scholarship program to help current recipients maintain eligibility as their income grows. It allows the maximum allowable adjusted gross income threshold to increase by up to 3% annually after the first semester of receiving the scholarship, rather than requiring students to stay below a fixed income limit. The state education corporation (the "corporation") will review and determine if this annual 3% increase (or further increases at its discretion) prevents disqualification due to rising household income. This directly affects undergraduate students at New York state public colleges who currently receive the Excelsior Scholarship and experience typical annual income growth.
