Bill > S05739

This bill creates a New York state public sector employee loan forgiveness program designed to attract workers to public sector jobs by providing student loan relief. Specifically, the program allows graduates of SUNY (State University of New York) or CUNY (City University of New York) who are working full-time in state or local public sector positions to receive up to $5,000 per year in student loan forgiveness, for a maximum of ten years or until their total student loan debt is paid off. To be eligible, applicants must have graduated from SUNY or CUNY, be employed in a public sector position that requires their degree, have outstanding student loan debt from their degree, and be a New York state resident. The program will be administered by a corporation that will establish rules and regulations for awarding the loan forgiveness, with awards granted on a competitive basis and subject to fund availability. The goal is to incentivize graduates to pursue public sector careers by offering financial support to help manage their student loan debt.

Education

https://www.nysenate.gov/legislation/bills/2025/S5739