Bill
Bill > A04468
NY A04468
NY A04468Creates the New York state public sector employee loan forgiveness program for graduates of SUNY or CUNY schools employed in a state or local public sector position.
summary
Introduced
02/16/2023
02/16/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the education law, in relation to creating the New York state public sector employee loan forgiveness program
AI Summary
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 City University of New York (CUNY) who are employed full-time in a state or local public sector position. The program aims to attract workers to the public sector by granting awards of up to $5,000 per year, not to exceed the remaining balance of the applicant's student loan debt, for up to 10 years. The bill requires the New York State Higher Education Services Corporation to administer the program and promulgate rules and regulations for its implementation.
Committee Categories
Education
Sponsors (4)
Last Action
referred to higher education (on 01/03/2024)
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/2023/A4468 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A04468&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A04468 |
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