Modifies the requirements for the New York state science, technology, engineering and mathematics incentive program for when an award gets converted to a student loan.
STATE OF NEW YORK
________________________________________________________________________
6329
2025-2026 Regular Sessions
IN ASSEMBLY
March 4, 2025
___________
Introduced by M. of A. WOERNER -- read once and referred to the Commit-
tee on Higher Education
AN ACT to amend the education law, in relation to requirements for the
New York state science, technology, engineering and mathematics incen-
tive program
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 4 of section 669-e of the education law, as
2 amended by section 1 of part BB of chapter 56 of the laws of 2018, is
3 amended to read as follows:
4 4. The corporation shall convert to a student loan the full amount of
5 the award given pursuant to this section, plus interest, according to a
6 schedule to be determined by the corporation if: (a) a recipient fails
7 to complete an approved undergraduate program in science, technology,
8 engineering or mathematics or changes majors to a program of undergradu-
9 ate study other than in science, technology, engineering or mathematics;
10 or (b) upon completion of such undergraduate degree program a recipient
11 fails to either (i) complete the equivalent of five years of [contin-
12 uous] full time employment in the science, technology, engineering or
13 mathematics field with a public or private entity located within New
14 York state within eight years of completing such undergraduate degree
15 program, or (ii) maintain residency in New York state [for] during such
16 recipient's period of qualifying employment in the science, technology,
17 engineering or mathematics field; or (c) a recipient fails to respond to
18 requests by the corporation for the status of [his or her] their academ-
19 ic or professional progress. The terms and conditions of this subdivi-
20 sion shall be deferred for individuals who graduate with a degree in an
21 approved undergraduate program in science, technology, engineering or
22 mathematics and enroll on at least a half-time basis in a graduate or
23 higher degree program or other professional licensure degree program
24 until they are conferred a degree, and shall also be deferred for any
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10256-01-5
A. 6329 2
1 interruption in undergraduate study or employment as established by the
2 rules and regulations of the corporation. The terms and conditions of
3 this subdivision may also be deferred for a grace period, to be estab-
4 lished by the corporation, following the completion of an approved
5 undergraduate program in science, technology, engineering or mathematics
6 a graduate or higher degree program or other professional licensure
7 degree program. Any obligation to comply with such provisions as
8 outlined in this section shall be cancelled upon the death of the recip-
9 ient. Notwithstanding any provisions of this subdivision to the contra-
10 ry, the corporation is authorized to promulgate rules and regulations to
11 provide for the waiver or suspension of any financial obligation which
12 would involve extreme hardship.
13 § 2. This act shall take effect immediately.
