Bill > S06279

This bill establishes the New York State Veteran Student Loan Forgiveness Program, which provides financial assistance to veterans residing in New York who meet specific eligibility criteria. To qualify, applicants must be veterans who were honorably discharged, have graduated from a New York state college or university, be employed full-time in New York, and commit to living in the state for at least five years. The program offers up to $10,000 per year in student loan forgiveness for up to five years, with a maximum lifetime benefit of $50,000. Priority will be given to previously awarded applicants and those with demonstrated economic need or disability ratings of 40% or higher from federal veteran agencies. The program aims to alleviate student loan debt for veterans, with awards granted competitively based on available funding and guided by rules developed by the corporation in consultation with the division of military and naval affairs. Applicants cannot have already received federal student loan forgiveness, and the program is designed to support veterans who have served and are seeking to advance their careers in New York state.

Education

https://www.nysenate.gov/legislation/bills/2025/S6279