Bill
Bill > S05086
NY S05086
NY S05086Creates 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.
summary
Introduced
02/23/2021
02/23/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
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.
AI Summary
This bill creates the New York State Child Care Professionals Loan Forgiveness Incentive Program, which provides student loan forgiveness awards to eligible applicants who agree to work as child care professionals in New York for at least five years. The program aims to increase the number of child care professionals employed in the state. Eligible applicants must be New York residents who have graduated from an accredited institution of higher education and have outstanding student loan debt. Awards of up to $25,000 will be granted over the course of five years, with 20% awarded each year upon the completion of each year of service as a child care professional.
Committee Categories
Education
Sponsors (1)
Last Action
REFERRED TO HIGHER EDUCATION (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S5086 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05086&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05086 |
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