Bill > A05704

This bill establishes a loan forgiveness program for child care providers in New York state who have earned an undergraduate or graduate degree from an accredited two or four-year college or university within the state. To be eligible, applicants must have graduated from a New York state college, have outstanding student loan debt from their degree, comply with specific state regulations, and be employed full-time as a child care provider in the state. The program will provide competitive awards of up to $10,000 per year for up to four years, with a maximum total award of $40,000 per applicant. The awards are intended to help increase the number of child care providers in the state and will be granted based on fund availability and according to rules established by the designated corporation. The program aims to support child care professionals by helping them manage their student loan debt while working in an important educational and care service role.

Education

https://www.nysenate.gov/legislation/bills/2025/A5704