Assembly Bill A4320

2023-2024 Legislative Session

Expands the get on your feet loan forgiveness program

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-A4320 (ACTIVE) - Details

Current Committee:
Assembly Higher Education
Law Section:
Education Law
Laws Affected:
Amd §679-g, Ed L
Versions Introduced in Other Legislative Sessions:
2019-2020: A7844
2021-2022: A5248

2023-A4320 (ACTIVE) - Summary

Expands the get on your feet loan forgiveness program; provides that an applicant may be eligible for such program if they are currently employed at a program or service that is regulated, operated, funded or approved by the department of mental hygiene.

2023-A4320 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4320
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 14, 2023
                                ___________
 
 Introduced  by M. of A. GUNTHER, WEPRIN -- read once and referred to the
   Committee on Higher Education
 
 AN ACT to amend the education law, in relation to the get on  your  feet
   loan forgiveness program
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Section 679-g of the education law, as added by  section  1
 of  part  C  of  chapter  56  of the laws of 2015, is amended to read as
 follows:
   § 679-g. New York state get on your feet loan forgiveness program.  1.
 Purpose.  The  president shall grant student loan forgiveness awards for
 the purpose of alleviating the burden of federal student loan  debt  for
 recent New York state college graduates.
   2.  Eligibility. To be eligible for an award pursuant to this section,
 an applicant shall: (a) have graduated from a high school located in New
 York state or attended an approved New York state program  for  a  state
 high school equivalency diploma and received such high school equivalen-
 cy diploma; (b) have graduated and obtained an undergraduate OR GRADUATE
 degree from a college or university with its headquarters located in New
 York state in or after the two thousand fourteen--fifteen academic year;
 (c)  apply  for this program within two years of obtaining [such] EITHER
 AN ASSOCIATES, UNDERGRADUATE OR GRADUATE degree; (d) be a participant in
 a federal income-driven repayment plan whose payment amount is generally
 ten percent of discretionary  income;  (e)  have  income  of  less  than
 [fifty]  SIXTY  thousand dollars; (f) comply with subdivisions three and
 five of section six hundred sixty-one of this part; [and]  (g)  work  in
 New  York  state, if employed[.]; AND (H) MAY BE CURRENTLY EMPLOYED AT A
 PROGRAM OR SERVICE THAT IS REGULATED, OPERATED, FUNDED  OR  APPROVED  BY
 THE  DEPARTMENT  OF  MENTAL  HYGIENE.  FURTHER, FOR APPLICANTS CURRENTLY
 EMPLOYED AT A PROGRAM OR SERVICE THAT IS REGULATED, OPERATED, FUNDED  OR
 APPROVED BY THE DEPARTMENT OF MENTAL HYGIENE SUCH APPLICANTS SHALL AGREE
 TO WORK ON AT LEAST A PART-TIME BASIS FOR THE THIRTY-SIX MONTH PERIOD OF
 THE REPAYMENT PERIOD OF THEIR INCOME-DRIVEN REPAYMENT PLAN UNDER FEDERAL
 LAW  AND MAINTAIN RESIDENCY IN NEW YORK STATE FOR SUCH PERIOD OF EMPLOY-
 
              

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