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Senate Bill S4449

2021-2022 Legislative Session

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

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Archive: Last Bill Status - In Assembly Committee

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2021-S4449 (ACTIVE) - Details

See Assembly Version of this Bill:
A1712
Current Committee:
Assembly Ways And Means
Law Section:
Education Law
Laws Affected:
Amd §665, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: A2723
2011-2012: A3176
2013-2014: A3962
2015-2016: A2915
2017-2018: S6872, A3532
2019-2020: S3451, A3589
2023-2024: S3052, A3135
2025-2026: S3738, A4897

2021-S4449 (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.

2021-S4449 (ACTIVE) - Sponsor Memo

2021-S4449 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4449
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 4, 2021
                                ___________
 
 Introduced by Sens. STAVISKY, KRUEGER, PERSAUD -- read twice and ordered
   printed,  and  when printed to be committed to the Committee 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.
   §  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.
                                                            LBD00175-01-1

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