Bill > A07245

This bill amends the New York State education law to modify the Tuition Assistance Program (TAP), allowing the Higher Education Services Corporation (HESC) to consider an applicant's change in income resulting from job loss when determining eligibility and award amounts for financial aid. Specifically, the bill permits HESC to use the applicant's or parent's most recent New York state income tax returns to make adjustments to financial aid awards if they have experienced a loss of employment during the current academic year. The corporation can require documentary evidence, testimony, or affidavits to verify the income change. This modification provides additional flexibility in the financial aid calculation process, recognizing that sudden job loss can significantly impact a family's ability to pay for higher education. By allowing HESC to consider recent income changes, the bill aims to ensure that students facing unexpected financial challenges can still access tuition assistance.

Education

https://www.nysenate.gov/legislation/bills/2025/A7245