senate Bill S7308

2013-2014 Legislative Session

Requires the conducting of a study of feasible alternative methods of funding a college education at public four-year institutions of higher learning in New York state

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Archive: Last Bill Status - In Committee


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

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 09, 2014 referred to higher education

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S7308 - Details

Current Committee:
Law Section:
Education

S7308 - Summary

Requires the conducting of a study by the board of regents of feasible alternative methods of funding a college education at public four-year institutions of higher learning in New York state.

S7308 - Sponsor Memo

S7308 - Bill Text download pdf

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

                                  7308

                            I N  S E N A T E

                               May 9, 2014
                               ___________

Introduced  by  Sen.  RIVERA -- read twice and ordered printed, and when
  printed to be committed to the Committee on Higher Education

AN ACT to require the conducting of a study by the board of  regents  of
  feasible  alternative methods of funding a college education at public
  four-year institutions of higher learning in New York state

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

  Section  1.  The  legislature recognizes that post-secondary education
has expanded opportunities for New Yorkers to qualify  for  high-quality
jobs  and  entry into the middle class, providing clear benefits to this
state's economy.
  Regrettably, public investment in higher education in this  state  has
decreased  over  the  past decade, resulting in substantial increases in
annual tuition, fees and room and board imposed by public four-year  and
two-year  institutions of higher education in the state. These increases
have out-paced increases in the average  family  income  in  the  state,
forcing  students  to incur larger amounts of debt in order to afford to
attend college. The average student loan  debt  of  students  graduating
from  public  four-year institutions of higher education in New York now
exceeds $25,000.
  Such high levels of student debt are damaging not only to the individ-
ual student's ability to succeed financially but also  will  have  grave
consequences for the future economy of this state.
  The  legislature  finds  that it must halt the decrease in the state's
support for public education and, over time, must increase its  contrib-
ution  to  the funding of higher education. It also finds that the state
must immediately seek another approach to financing the students'  share
of  the  cost  of  public  higher  education in this state that will not
result in students  graduating  from  New  York's  public  colleges  and
universities burdened with debt.
  S  2.  The  board of regents shall consider the creation of a proposed
pilot program called "Pay Forward, Pay Back".
  (a) The pilot program would:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11731-02-4

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