* ³ 689-a. Tuition credits. 1. The New York state higher education
services corporation shall calculate a tuition credit for each resident
undergraduate student who has filed an application with such corporation
for a tuition assistance program award pursuant to section six hundred
sixty-seven of this article, and is determined to be eligible to receive
such award, and is also enrolled in a program of undergraduate study at
a state operated or senior college of the state university of New York
or the city university of New York where the annual resident
undergraduate tuition rate will exceed the maximum tuition assistance
program award pursuant to subitem (a) of item one of clause (A) of
subparagraph (i) of paragraph a of subdivision three of section six
hundred sixty-seven of this article. Such tuition credit shall be
calculated for each semester, quarter or term of study that tuition is
charged and tuition for the corresponding semester, quarter or term
shall not be due for any student eligible to receive such tuition credit
until such credit is calculated, the student and school where the
student is enrolled is notified of the tuition credit amount, and such
tuition credit is applied toward the tuition charged.

2. Each tuition credit pursuant to this section shall be an amount
equal to the product of the total annual resident undergraduate tuition
rate minus the maximum tuition assistance program award pursuant to
subitem (a) of item one of clause (A) of subparagraph (i) of paragraph a
of subdivision three of section six hundred sixty-seven of this article
then multiplied by an amount equal to the product of the total annual
award for the student pursuant to section six hundred sixty-seven of
this article divided by an amount equal to the maximum amount the
student qualifies to receive pursuant to clause (A) of subparagraph (i)
of paragraph a of subdivision three of section six hundred sixty-seven
of this article.

* NB Repealed July 1, 2027