Assembly Bill A10084

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10084
 
                           I N  A S S E M B L Y
 
                                May 3, 2024
                                ___________
 
 Introduced  by M. of A. MEEKS -- read once and referred to the Committee
   on Higher Education
 
 AN ACT to amend the education law, in relation to a net price calculator
   center for colleges
 
   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 689-b
 to read as follows:
   § 689-B. NET PRICE CALCULATOR CENTER. 1.  FOR  THE  PURPOSES  OF  THIS
 SECTION:
   (A)  "ESTIMATED  COST  OF ATTENDANCE" SHALL MEAN THE TOTAL AMOUNT, NOT
 INCLUDING GRANTS AND SCHOLARSHIPS, THAT IT COSTS TO  ATTEND  A  COLLEGE,
 WHICH  MAY  INCLUDE, AMONG OTHER EXPENSES, TUITION AND FEES, HOUSING AND
 MEALS, ALLOWANCES FOR BOOKS,  SUPPLIES,  TRANSPORTATION,  AND  DEPENDENT
 CARE.
   (B) "NET PRICE" SHALL MEAN THE ESTIMATED COST OF ATTENDANCE AT A GIVEN
 COLLEGE AFTER ACCOUNTING FOR FINANCIAL AID WHICH DOES NOT REQUIRE REPAY-
 MENT.
   (C) "NET PRICE CALCULATOR" SHALL MEAN A TOOL TO CALCULATE NET PRICE AT
 A COLLEGE.
   2.  (A)  THE  PRESIDENT  SHALL,  IN CONJUNCTION WITH THE COMMISSIONER,
 CREATE A NET PRICE CALCULATOR CENTER WHICH PROVIDES A NET PRICE CALCULA-
 TOR TOOL FOR ALL COLLEGES IN  THIS  STATE.  SUCH  NET  PRICE  CALCULATOR
 CENTER SHALL BE PROMINENTLY DISPLAYED ON AND EASILY ACCESSED THROUGH THE
 CORPORATION'S WEBSITE.
   (B)  THE  PRESIDENT  AND COMMISSIONER MAY INCORPORATE INFORMATION FROM
 EXISTING NET PRICE CALCULATORS ON A COLLEGE'S WEBSITE WHEN DESIGNING THE
 NET PRICE CALCULATOR TOOL TO BE HOSTED ON THE CORPORATION'S WEBSITE, BUT
 SUCH CALCULATOR SHALL EXIST AS A SINGULAR CALCULATOR ABLE TO PROVIDE NET
 PRICES FOR ALL COLLEGES IN THE STATE RATHER THAN LINKING  TO  NET  PRICE
 CALCULATORS ON EACH INDIVIDUAL COLLEGE'S WEBSITE.
   (C)  SUCH  CALCULATOR  TOOL  SHALL  REQUIRE  A USER TO ENTER HOUSEHOLD
 INCOME, ASSETS, AND OTHER PERTINENT INFORMATION AT THE ONSET OF THE  USE
 OF SUCH TOOL AND THEN SHALL USE SUCH INFORMATION TO PRODUCE AN ESTIMATED
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD13321-02-3
 A. 10084                            2
 
 NET PRICE FOR ANY COLLEGE IN THIS STATE. SUCH TOOL SHALL NOT REQUIRE THE
 USER TO ENTER SUCH INFORMATION ANEW FOR EACH ESTIMATE THAT SUCH CALCULA-
 TOR PRODUCES.
   (D)  THE  PRESIDENT  AND  COMMISSIONER  SHALL  UTILIZE THE TUITION AND
 RELATED COST INFORMATION  MOST  RECENTLY  REPORTED  BY  A  COLLEGE  WHEN
 DESIGNING  THE  NET  PRICE  CALCULATOR  DESCRIBED  HEREIN.  IF A COLLEGE
 UPDATES ITS ESTIMATED COST OF  ATTENDANCE,  EITHER  ON  ITS  WEBSITE  OR
 OTHERWISE, THE NET PRICE CALCULATOR SHALL INCORPORATE SUCH UPDATED COSTS
 INTO ITS CALCULATIONS.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law. Effective immediately, the addition, amendment and/or
 repeal of any rule or regulation necessary  for  the  implementation  of
 this  act  on its effective date are authorized to be made and completed
 on or before such effective date.