What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
2 Co-sponsors
History
- Referred to higher education
- Referred to higher education
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Establishes the N.Y. state employee loan forgiveness program
In Assembly Committee · Higher Education · Sponsor Hakeem Jeffries
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the education law, in relation to establishing the New York state employee loan forgiveness program
Purpose
To establish the New York State Employee Loan Forgiveness program to retain individuals serving as employees of a state employer.
Summary of provisions
Amendment of the education law by adding a new section 679-e. Section 679-e shall allow the commissioner of education to grant loan forgiveness awards to state employees who have a minimum of five (5) years of qualified service and have outstanding student loan debt. A number of elected officials, judges, and those appointed to boards or commissions by the governor are not eligible. The awards may be granted in amounts ranging from $5,000 not to exceed $10,000. Awards will be based on availability of funds.
Justification
Admittedly, the cost of higher education has skyrocketed in recent years. It has become so expensive to pay for one's higher education, that the decisions regarding career are being determined based on economics. Consequently, the public sector job market, specifically the state government has suffered as a result of the economic competition in the job marketplace. Without being able to match the salaries of the newly graduated in the private sector, the state government suffers by having to forego many talented individuals. This bill is a means of investing in the individuals who are willing to invest in the state for a job. The return is not immediate, but the investment will be.
Legislative history
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.