Bill > S03738

This bill requires the New York Higher Education Services Corporation to make a determination of a student's financial aid eligibility within 60 days of receiving a completed financial aid application. If the corporation fails to make a determination within this 60-day timeframe, the student will be automatically deemed eligible for financial aid for the semester in question. Additionally, the corporation has the option to request a 30-day extension by providing written notification to the educational institution within the initial 60-day period, explaining that more time is needed to review the application. This provision aims to streamline the financial aid application process and ensure students receive timely decisions about their aid eligibility, with the bill set to take effect on the first of July in the second year following its enactment.

Education

https://www.nysenate.gov/legislation/bills/2025/S3738