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History
- Print number 1001a
- Amend and recommit to higher education
- Referred to higher education
- Referred to higher education
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S1001A
Title of bill
An act to amend the education law, in relation to the disclosure of average awards by institutions of higher education
Purpose
This Bill requires institutions of higher education to disclose the average dollar amount of institutional aid awarded to students with an annual incomes of less than two hundred thousand dollars ($200,000).
Summary of provisions
Section 1. amends the education law by defining the terms "institution of higher education" and "income."
Section 2. amends the education law by requiring institutions of higher education to disclose the average dollar amount of institutional aid awarded to students with an annual incomes of less than two hundred thousand dollars. Such disclosure shall be made for each level of annual income in twenty thousand dollar increments. This information shall be available in written form upon request of any person and shall be set forth on the institutions web site and in their catalog.
Justification
Tuition discounting is the practice of using institutional aid to adjust tuition levels to best match what students and families are willing to pay. Almost half of private, four-year institutions with at least 1,000 students provide discounts to 90% or more of their students.
Financial aid awards for a student can vary dramatically between colleges, and it is nearly impossible for students who are evaluating a particular institution to predict the amount of institutional aid that they may receive. Unless this information is provided to them, prospective students are unable to obtain a realistic idea of the financial aid package that they may receive.
Legislative history
2009-10: S.877 2007-08: S.7215A
Fiscal implications
None.
Effective date
Sections 2( a) and 2(b) of this act shall take effect on the sixtieth day after it becomes law and Section 2(c) shall take effect on July 1, 2013.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.