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Who cares
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Sponsors
1 Co-sponsor
History
- 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.
Relates to income and determinant amount of awards
In Assembly Committee · Higher Education · Sponsor Deborah Glick
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 income as a determinant of amount of awards
Purpose
Allow use of tax information two years prior to the beginning of the school year for the purposes of applying for higher education financial aid.
Summary of provisions
Section 1. Amends subdivision 1 of section 663 of the education law to allow for an application for financial assistance to be formed on tax returns for the calendar year prior to the calendar year next preceding the beginning of the school year for which application for assistance is made.
Section 2. Establishes the effective date.
Justification
In 2015, the federal government took steps to allow the use of prior-prior year tax information on the Free Application for Federal Student Aid (FAFSA). Currently, New York students applying for the Tuition Assistance Program (TAP) must use the prior year's tax information.
Implementation of this law would help allow families to have a clearer and more accurate idea of the associated costs of going to college for the following year. Families will also be able to predict these costs at an earlier stage. Using tax information from two years prior will also allow for increased form accuracy.
Legislative history
New bill.
Fiscal implications
TBD.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.