Do you support this bill?

Assembly Bill A5798

2013-2014 Legislative Session

Protects "grace period" for borrowers of student loans called to active duty who resume education program

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

2013-A5798 (ACTIVE) - Details

See Senate Version of this Bill:
S4848
Current Committee:
Assembly Higher Education
Law Section:
Education Law
Laws Affected:
Amd ยง693, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: A7346
2011-2012: A5578
2015-2016: A6435

2013-A5798 (ACTIVE) - Summary

Protects six month "grace period" for borrowers of student loans called to active duty who resume education program.

2013-A5798 (ACTIVE) - Bill Text download pdf 

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

                                  5798

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              March 6, 2013
                               ___________

Introduced  by  M.  of  A.  ENGLEBRIGHT -- read once and referred to the
  Committee on Higher Education

AN ACT to amend the education law, in  relation  to  student  loans  for
  persons in military service

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

  Section 1. Section 693 of the education law is amended by adding a new
subdivision 17 to read as follows:
  17. THE "GRACE PERIOD" FOR REPAYMENT OF A LOAN ESTABLISHED PURSUANT TO
SUBDIVISION TWO OF THIS SECTION SHALL NOT APPLY TO A  BORROWER  WHO  IS:
(A)  A  MEMBER  OF  THE NATIONAL GUARD OR OTHER RESERVE COMPONENT OF THE
ARMED FORCES OF THE UNITED STATES AND IS CALLED  OR  ORDERED  TO  ACTIVE
DUTY,  AS  DEFINED  IN  10 USC S 101(D)(1), OR (B) A MEMBER OF THE STATE
ORGANIZED MILITIA, AND IS CALLED OR  ORDERED  TO  ACTIVE  DUTY  FOR  THE
STATE, AS DEFINED IN SUBDIVISION ONE OF SECTION SIX OF THE MILITARY LAW,
AND  AS  A  RESULT  IS  COMPELLED TO TERMINATE HIS COLLEGE OR VOCATIONAL
INSTITUTION PROGRAM. SHOULD THE BORROWER RETURN TO A  COLLEGE  OR  VOCA-
TIONAL  INSTITUTION UPON TERMINATION OF HIS MILITARY SERVICE, THE "GRACE
PERIOD" ESTABLISHED PURSUANT TO SUBDIVISION TWO OF  THIS  SECTION  SHALL
THEN  BE  AVAILABLE  TO  THE  BORROWER UPON COMPLETION OF HIS COLLEGE OR
VOCATIONAL INSTITUTION PROGRAM.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09479-01-3

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. 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.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.