Creates the child care professionals loan forgiveness incentive program for applicants who agree to engage in employment in the child care field; establishes the eligibility for such awards; establishes the amount and duration of such awards.
STATE OF NEW YORK
________________________________________________________________________
3265
2009-2010 Regular Sessions
IN ASSEMBLY
January 23, 2009
___________
Introduced by M. of A. CHRISTENSEN, JOHN, CLARK, EDDINGTON, CARROZZA,
DelMONTE, MILLMAN, SCHROEDER, MAGNARELLI, WRIGHT, LIFTON, GALEF,
STIRPE, PAULIN, ESPAILLAT, N. RIVERA, PERRY -- Multi-Sponsored by --
M. of A. ABBATE, BOYLAND, COLTON, DIAZ, GOTTFRIED, GREENE, HEASTIE,
HYER-SPENCER, JAFFEE, V. LOPEZ, LUPARDO, MAISEL, MAYERSOHN, PEOPLES,
PHEFFER, REILLY, ROBINSON, SWEENEY, TOWNS -- read once and referred to
the Committee on Higher Education
AN ACT to amend the education law, in relation to creating the child
care professionals loan forgiveness incentive program
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 605 of the education law is amended by adding a new
2 subdivision 13 to read as follows:
3 13. New York state child care professionals loan forgiveness incentive
4 program. a. Purpose. The president shall grant student loan forgiveness
5 awards for the purpose of increasing the number of child care profes-
6 sionals employed in New York state. Such awards shall be made on a
7 competitive basis to applicants who have graduated from an institution
8 of higher education approved or registered by the regents.
9 b. Eligibility. (1) To be eligible to receive an award pursuant to
10 this subdivision, an applicant must be a resident of New York state who
11 has graduated from an institution of higher education and has an
12 outstanding student loan debt.
13 (2) Such awards shall be made annually to eligible applicants who,
14 prior to accepting such awards, engaged in twelve months of service as a
15 child care professional in a child day care facility licensed or regis-
16 tered pursuant to the social services law or the administrative code of
17 the city of New York and such awards shall not exceed an amount of twen-
18 ty-five thousand dollars and shall be made to such applicants, pursuant
19 to the following schedule:
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD05520-01-9
A. 3265 2
1 (i) twenty percent to be awarded upon the completion of the first
2 year;
3 (ii) thirty percent to be awarded upon the completion of the second
4 year; and
5 (iii) fifty percent to be awarded upon the completion of the third
6 year.
7 (3) Recipients of such awards shall be eligible to apply for other
8 awards established under this chapter.
9 c. Duration. Such awards shall be made annually, for no more than
10 three years, to applicants who remain eligible under this subdivision
11 and who are certified as such by the corporation.
12 d. Amount. The corporation shall grant such awards within the amounts
13 appropriated for such purpose and based on the availability of funds in
14 an amount not to exceed the total cost of the completion of such degree
15 programs. Cost of completion of such degrees shall include: tuition at
16 an institution of higher education approved or registered by the regents
17 and other required or reasonable student fees.
18 § 2. This act shall take effect immediately.
