Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 03, 2025 |
referred to higher education |
Senate Bill S5861
2025-2026 Legislative Session
Sponsored By
(D) 26th Senate District
Current Bill Status - In Senate Committee Higher Education 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
Actions
2025-S5861 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6155
- Current Committee:
- Senate Higher Education
- Law Section:
- Education Law
- Laws Affected:
- Add §689-b, Ed L
- Versions Introduced in 2023-2024 Legislative Session:
-
S7857, A10084
2025-S5861 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5861 SPONSOR: GOUNARDES TITLE OF BILL: An act to amend the education law, in relation to a net price calculator center for colleges PURPOSE OR GENERAL IDEA OF BILL: To create a centralized net price calculator for every college in the state SUMMARY OF PROVISIONS: Section one adds a new section 689-b to the Education Law to create a net price calculator center, which would measure the cost of attending a college after deducting grants and scholarships but before loans, on the Higher Education Services Corporation (HESC)'s website. Such net price calculator shall be capable of producing cost estimates for all colleges in the state after requiring a user to submit household, income, asset, and other financial information only once. Users will not be required to
2025-S5861 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5861 2025-2026 Regular Sessions I N S E N A T E March 3, 2025 ___________ Introduced by Sen. GOUNARDES -- 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 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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08374-01-5
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