Bill > S00164

This bill establishes the New York State Child Care Professionals Loan Forgiveness Incentive Program, designed to encourage more professionals to work in child care by offering student loan forgiveness. Eligible applicants must be New York state residents who have graduated from a regents-approved higher education institution and have outstanding student loan debt. To receive the award, participants must first work for 12 months as a child care professional in a licensed day care facility. The loan forgiveness will be distributed over five years, with 20% of the total award (up to $25,000) granted annually upon completion of each year of service. Recipients can apply for other awards and the total amount will not exceed the cost of their degree program, including tuition and required fees. The program aims to address workforce challenges in the child care sector by providing a financial incentive for professionals to enter and remain in the field.

Education

https://www.nysenate.gov/legislation/bills/2025/S164