Bill > S05861

This bill directs the higher education services corporation to create a centralized net price calculator center on its website to help students and families estimate the true cost of attending colleges in New York State. The bill defines key terms such as "estimated cost of attendance" (total college expenses excluding grants and scholarships) 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 information only once, and then enable them to quickly estimate the net price for any college in the state. The calculator must use the most recently reported tuition and cost information from each college and will automatically update if a college changes its estimated cost of attendance. The tool is designed to be prominently displayed on the corporation's website and will provide a single, comprehensive calculator rather than linking to individual college calculators, with the goal of making college cost information more accessible and transparent for prospective students and their families.

Education

https://www.nysenate.gov/legislation/bills/2025/S5861