Bill > A00786

This bill prohibits independent higher education institutions in New York state from collecting financial information from a student's or prospective student's non-custodial parent when determining financial aid awards. Additionally, the bill requires these institutions to develop their student financial aid formulas, including expected family contribution calculations, entirely independently without consulting, communicating with, or participating in any external standard setting organizations. The legislation aims to limit the information private colleges can request from non-custodial parents and ensure that financial aid determinations are made solely by the individual institutions themselves. The bill will take effect on the first day of January following its enactment, providing colleges time to adjust their financial aid practices to comply with the new requirements.

Education

https://www.nysenate.gov/legislation/bills/2025/A786