Bill > S06850

This bill establishes a pilot program at the State University of New York (SUNY) aimed at introducing college students to career opportunities in the financial planning industry. The program will leverage campus resources like multicultural and career counseling centers to create a comprehensive internship experience. Participating students must maintain a minimum 2.8 GPA and will receive a paid internship at an approved financial institution. The internship includes career counseling, preparation for the security industry essentials exam, and mentorship. Financial institutions must apply and meet specific criteria, including attending a virtual orientation, paying students a set wage, maintaining an approved student-to-mentor ratio, and providing detailed performance reviews of student employees. The SUNY board of trustees will oversee the program, monitor its effectiveness, and report to the legislature annually for three years. The program's goal is to provide students with practical experience and encourage them to pursue careers in financial planning by offering structured, supportive professional development opportunities.

Education

https://www.nysenate.gov/legislation/bills/2025/S6850