Bill > A04618

This bill creates the New York State Public Sector Employee Loan Forgiveness Program, which provides student loan forgiveness awards to graduates of the State University of New York (SUNY) or the City University of New York (CUNY) who are employed full-time in a state or local public sector position. The program offers up to $5,000 per year for up to 10 years to help cover the remaining balance of the applicant's student loan debt. The program is administered by the New York State Higher Education Services Corporation, which is authorized to promulgate rules and regulations for its implementation.