Relates to the matching award and tuition requirements of enhanced tuition awards; exempts certain institutions from matching award requirements and allows certain institutions to increase tuition by up to three percent over nine years.
STATE OF NEW YORK
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8415--A
2017-2018 Regular Sessions
IN ASSEMBLY
June 14, 2017
___________
Introduced by M. of A. BRINDISI -- read once and referred to the Commit-
tee on Higher Education -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend the education law, in relation to the matching award and
tuition requirements of enhanced tuition awards
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivisions 4, 5 and 6 of section 667-d of the education
2 law, as added by section 1 of part III of chapter 59 of the laws of
3 2017, are amended to read as follows:
4 4. Amount. Within the amounts appropriated therefor and based on
5 availability of funds, awards shall be granted beginning with the two
6 thousand seventeen--two thousand eighteen academic year and thereafter
7 to applicants that the corporation has determined are eligible to
8 receive such awards. The amount of the award under this program shall be
9 such that the sum of the award plus a student's tuition assistance
10 program award pursuant to section six hundred sixty-seven of this
11 subpart plus the institution's matching award pursuant to subdivision
12 five of this section shall equal six thousand dollars. Any institution
13 that has lowered its tuition by more than fifteen percent over the last
14 five years shall be exempt from having to provide such match until two
15 thousand twenty-six and provided that such amount of award shall be
16 adjusted as if such match had been provided.
17 5. Matching awards. Commencing with the two thousand seventeen--two
18 thousand eighteen academic year and thereafter, participating insti-
19 tutions shall credit each recipient's remaining tuition expenses in an
20 amount equal to the recipient's award under this section. Such credit
21 shall be applied after the recipient has received an institutional aid
22 package, if any, to ensure that this program does not reduce institu-
23 tional aid that would otherwise be granted. Any institution that has
24 lowered its tuition by more than fifteen percent over the last five
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13081-07-7
A. 8415--A 2
1 years shall be exempt from having to provide such match until two thou-
2 sand twenty-six.
3 6. Tuition. The rate of tuition charged to an individual receiving an
4 award shall not be increased for the duration of time that such individ-
5 ual receives an award. Provided, however, that such requirement not to
6 increase tuition shall be waived for any institution that has lowered
7 its tuition by more than fifteen percent over the last five years,
8 provided that the tuition level charged by such institution is not
9 increased by more than three percent per year over the next nine years.
10 § 2. This act shall take effect immediately.