S T A T E O F N E W Y O R K
________________________________________________________________________
786
2025-2026 Regular Sessions
I N A S S E M B L Y
(PREFILED)
January 8, 2025
___________
Introduced by M. of A. ROSENTHAL -- read once and referred to the
Committee on Higher Education
AN ACT to amend the education law, in relation to prohibiting independ-
ent higher education institutions from collecting financial informa-
tion from a student's non-custodial parent and requiring independent
higher education institutions to make student aid formula determi-
nations independently
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 224-b
to read as follows:
§ 224-B. COLLECTION OF FINANCIAL INFORMATION FROM NON-CUSTODIAL PARENT
PROHIBITED; STUDENT FINANCIAL AID FORMULA DETERMINATIONS. 1. NO INDE-
PENDENT HIGHER EDUCATION INSTITUTION IN NEW YORK STATE SHALL COLLECT
FINANCIAL INFORMATION FROM A STUDENT'S OR PROSPECTIVE STUDENT'S NON-CUS-
TODIAL PARENT FOR THE PURPOSE OF DETERMINING FINANCIAL AID AWARDS.
2. STUDENT FINANCIAL AID FORMULAS, INCLUDING EXPECTED FAMILY CONTRIB-
UTION FORMULAS, USED BY INDEPENDENT HIGHER EDUCATION INSTITUTIONS IN NEW
YORK STATE SHALL BE DETERMINED INDEPENDENTLY BY SUCH INSTITUTIONS WITH-
OUT CONSULTATION, COMMUNICATION, OR PARTICIPATION WITH ANY OUTSIDE STAN-
DARD SETTING ORGANIZATION.
§ 2. This act shall take effect on the first of January next succeed-
ing the date on which it shall have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02501-01-5