Bill > A00241

This bill establishes the New York State Child Care Professionals Loan Forgiveness Incentive Program to help increase the number of child care professionals in the state. The program provides student loan forgiveness awards to eligible applicants who are New York state residents, have graduated from an approved higher education institution, and have outstanding student loan debt. To qualify, applicants must work for 12 months as a child care professional in a licensed or registered day care facility. The loan forgiveness is structured as a five-year program, with 20% of the award (up to $25,000 total) being granted each year upon completion of service. Recipients can receive awards to help cover educational costs like tuition and required fees, and they remain eligible to apply for other awards under the same chapter. The program aims to incentivize and support professionals in the child care field by providing financial relief for their educational expenses while they continue to work in their chosen profession. Awards will be granted competitively and are subject to the availability of funds appropriated for this purpose.

Education

https://www.nysenate.gov/legislation/bills/2025/A241