senate Bill S1001A

Requires institutions of higher education to disclose the average dollar amount of institutional aid awarded to students

download pdf

Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
view actions

actions

  • 05 / Jan / 2011
    • REFERRED TO HIGHER EDUCATION
  • 04 / Jan / 2012
    • REFERRED TO HIGHER EDUCATION
  • 03 / Feb / 2012
    • AMEND AND RECOMMIT TO HIGHER EDUCATION
  • 03 / Feb / 2012
    • PRINT NUMBER 1001A

Summary

Requires institutions of higher education to disclose the average dollar amount of institutional aid awarded to students.

do you support this bill?

Bill Details

Versions:
S1001
S1001A
Legislative Cycle:
2011-2012
Current Committee:
Senate Higher Education
Law Section:
Education Law
Laws Affected:
Add ยง6406, Ed L
Versions Introduced in 2009-2010 Legislative Cycle:
S877

Sponsor 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.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 1001--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Higher Education -- recom-
  mitted to the Committee on Higher Education in accordance with  Senate
  Rule  6,  sec.  8  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the education law, in  relation  to  the  disclosure  of
  average awards by institutions of higher education

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The education law is amended by adding a new  section  6406
to read as follows:
  S  6406. DISCLOSURE OF AVERAGE AWARDS BY INSTITUTIONS OF HIGHER EDUCA-
TION. 1. FOR PURPOSES OF THIS SECTION THE TERM  "INSTITUTION  OF  HIGHER
EDUCATION"  SHALL  MEAN  AN  INSTITUTION THAT MEETS THE REQUIREMENTS SET
FORTH IN SUBDIVISION TWO OF SECTION SIXTY-FOUR HUNDRED ONE OF THIS ARTI-
CLE, OR AS DEFINED IN SUBDIVISIONS TWO, THREE, OR FOUR OF SECTION  THREE
HUNDRED  FIFTY  OF THIS CHAPTER, OR SUBDIVISIONS FOUR OR FIVE OF SECTION
SIXTY-TWO HUNDRED TWO OF THIS TITLE AND THE TERM "INCOME" SHALL HAVE THE
SAME MEANING AS SUCH TERM IS DEFINED IN SUBDIVISION ONE OF  SECTION  SIX
HUNDRED SIXTY-THREE OF THIS CHAPTER.
  2.  EACH  INSTITUTION  OF HIGHER EDUCATION LOCATED IN THIS STATE SHALL
DISCLOSE THE AVERAGE DOLLAR AMOUNT OF AID AWARDED BY THE INSTITUTION  TO
STUDENTS  WITH  AN  ANNUAL  INCOME  OF  LESS  THAN  TWO HUNDRED THOUSAND
DOLLARS. SUCH DISCLOSURE SHALL BE MADE FOR EACH LEVEL OF  ANNUAL  INCOME
IN  TWENTY  THOUSAND  DOLLAR INCREMENTS. SUCH DISCLOSURE SHALL BE AVAIL-
ABLE: (A) IN WRITTEN FORM UPON REQUEST BY ANY PERSON; (B) ON THE WEBSITE
OF SUCH INSTITUTION; AND (C) IN SUCH INSTITUTION'S CATALOGUE.
  S 2. This act shall take effect on the sixtieth  day  after  it  shall
have  become  a  law;  provided  that the provisions of paragraph (c) of
subdivision 2 of section 6406 of the education law added by section  one
of this act shall take effect July 1, 2013.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00533-02-2

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.