Bill > A06155

This bill directs the higher education services corporation to create a centralized net price calculator center on its website to help students and families more easily understand the true cost of attending college in New York. The bill defines key terms like "estimated cost of attendance" (total college expenses not including grants) and "net price" (estimated cost after accounting for financial aid). The net price calculator tool will require users to enter household income, assets, and other relevant financial information only once, and will then be able to generate estimated net prices for all colleges in the state. The calculator will use the most recent tuition and cost information reported by each college and will automatically update when a college changes its estimated costs. The tool will be designed to be prominently displayed and easily accessible, and will provide a single, unified calculator rather than linking to individual college websites. The bill will take effect 90 days after becoming law, with provisions allowing for immediate preparation of necessary regulations.

Education

https://www.nysenate.gov/legislation/bills/2025/A6155