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Assembly Bill A2723

2009-2010 Legislative Session

Makes provisions with respect to student awards, loans and tuition assistance programs

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Archive: Last Bill Status - In Senate Committee Higher Education Committee

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2009-A2723 (ACTIVE) - Details

Current Committee:
Senate Higher Education
Law Section:
Education Law
Laws Affected:
Amd ยง665, Ed L
Versions Introduced in Other Legislative Sessions:
2011-2012: A3176
2013-2014: A3962
2015-2016: A2915
2017-2018: A3532
2019-2020: A3589
2021-2022: A1712
2023-2024: A3135
2025-2026: A4897

2009-A2723 (ACTIVE) - Summary

Requires the higher education services corporation to make a determination of financial eligibility of a student for financial aid, awards and loans within 60 days from the day of the receipt of the financial aid application; where the higher education services corporation fails to make a timely determination the applicant shall be deemed eligible for such aid for the semester for which the application was made; allows for a 30-day extension if notice is given to the educational institution within the initial 60-day period.

2009-A2723 (ACTIVE) - Bill Text download pdf 

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

                                  2723

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 21, 2009
                               ___________

Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
  tee on Higher Education

AN ACT to amend the education law, in relation to general  and  academic
  performance  awards,  student  loans  and  tuition  assistance program
  awards

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

  Section 1. Section 665 of the education law is amended by adding a new
subdivision 8 to read as follows:
  8.  TIMELINESS  OF  FINANCIAL AID DETERMINATIONS.  NOTWITHSTANDING ANY
OTHER PROVISION OF LAW, THE CORPORATION SHALL MAKE ITS DETERMINATION  OF
FINANCIAL  AID ELIGIBILITY WITHIN SIXTY DAYS FROM THE DAY OF THE RECEIPT
OF THE COMPLETED FINANCIAL AID APPLICATION  FROM  THE  STUDENT.  IN  THE
EVENT  THAT  SUCH  FINANCIAL AID DETERMINATION IS NOT MADE BY THE CORPO-
RATION WITHIN SIXTY DAYS AFTER RECEIPT OF THE  COMPLETED  FINANCIAL  AID
APPLICATION  FROM  THE STUDENT, SUCH STUDENT SHALL BE DEEMED ELIGIBLE TO
RECEIVE FINANCIAL AID FOR THE SEMESTER FOR WHICH THE COMPLETED FINANCIAL
AID APPLICATION IS MADE; PROVIDED, HOWEVER,  THAT  THE  CORPORATION  MAY
OBTAIN AN ADDITIONAL THIRTY DAY EXTENSION TO MAKE ITS ELIGIBILITY DETER-
MINATION  UPON WRITTEN NOTIFICATION TO THE INSTITUTION WITHIN SIXTY DAYS
THAT ADDITIONAL TIME IS NECESSARY TO EXAMINE AND  REVIEW  THE  COMPLETED
FINANCIAL AID APPLICATION OF SUCH STUDENT.
  S  2.  This  act  shall take effect on the first of July in the second
year next succeeding the year in which it shall have become a law.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02621-01-9

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