S1001A-2011 Actions

• Feb 3, 2012: PRINT NUMBER 1001A
• Feb 3, 2012: AMEND AND RECOMMIT TO HIGHER EDUCATION
• Jan 4, 2012: REFERRED TO HIGHER EDUCATION
• Jan 5, 2011: REFERRED TO HIGHER EDUCATION

S1001A-2011 Memo

BILL NUMBER:S1001A

TITLE OF BILL:

An act
to amend the education law, in relation to the disclosure of average
awards by institutions of higher education

PURPOSE:

This Bill requires institutions of higher education to disclose the
average dollar amount of institutional aid awarded to students with
an annual incomes of less than two hundred thousand dollars ($200,000).

SUMMARY OF PROVISIONS:

Section 1. amends the education law by defining the terms "institution
of higher education" and "income."

Section 2. amends the education law by requiring institutions of
higher education to disclose the average dollar amount of
institutional aid awarded to students with an annual incomes of less
than two hundred thousand dollars. Such disclosure shall be made for
each level of annual income in twenty thousand dollar increments.
This information shall be available in written form upon request of
any person and shall be set forth on the institutions web site and in
their catalog.

JUSTIFICATION:

Tuition discounting is the practice of using institutional aid to
adjust tuition levels to best match what students and families are
willing to pay. Almost half of private, four-year institutions with
at least 1,000 students provide discounts to 90% or more of their
students.

Financial aid awards for a student can vary dramatically between
colleges, and it is nearly impossible for students who are evaluating
a particular institution to predict the amount of institutional aid
that they may receive. Unless this information is provided to them,
prospective students are unable to obtain a realistic idea of the
financial aid package that they may receive.

LEGISLATIVE HISTORY:

2009-10: S.877
2007-08: S.7215A

FISCAL IMPLICATIONS:

None.

EFFECTIVE DATE:

Sections 2( a) and 2(b) of this act shall take effect on the sixtieth
day after it becomes law and Section 2(c) shall take effect on July
1, 2013.

S1001A-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 1001--A
 2011-2012 Regular Sessions
 I N  SENATE
 (PREFILED)
 January 5, 2011
 
 Introduced  by  Sen. LAVALLE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Higher Education -- recom
 mitted to the Committee on Higher Education in accordance with  Senate
 Rule  6,  sec.  8  --  committee  discharged,  bill  amended,  ordered
 reprinted as amended and recommitted to said committee
 

AN ACT to amend the education law, in  relation  to  the  disclosure  of
 average awards by institutions of higher education
 

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  6406
 to read as follows:

 

S  6406. DISCLOSURE OF AVERAGE AWARDS BY INSTITUTIONS OF HIGHER EDUCA
 TION. 1. FOR PURPOSES OF THIS SECTION THE TERM  "INSTITUTION  OF  HIGHER
 EDUCATION"  SHALL  MEAN  AN  INSTITUTION THAT MEETS THE REQUIREMENTS SET
 FORTH IN SUBDIVISION TWO OF SECTION SIXTY-FOUR HUNDRED ONE OF THIS ARTI
 CLE, OR AS DEFINED IN SUBDIVISIONS TWO, THREE, OR FOUR OF SECTION  THREE
 HUNDRED  FIFTY  OF THIS CHAPTER, OR SUBDIVISIONS FOUR OR FIVE OF SECTION
 SIXTY-TWO HUNDRED TWO OF THIS TITLE AND THE TERM "INCOME" SHALL HAVE THE
 SAME MEANING AS SUCH TERM IS DEFINED IN SUBDIVISION ONE OF  SECTION  SIX
 HUNDRED SIXTY-THREE OF THIS CHAPTER.
 2.  EACH  INSTITUTION  OF HIGHER EDUCATION LOCATED IN THIS STATE SHALL
 DISCLOSE THE AVERAGE DOLLAR AMOUNT OF AID AWARDED BY THE INSTITUTION  TO
 STUDENTS  WITH  AN  ANNUAL  INCOME  OF  LESS  THAN  TWO HUNDRED THOUSAND
 DOLLARS. SUCH DISCLOSURE SHALL BE MADE FOR EACH LEVEL OF  ANNUAL  INCOME
 IN  TWENTY  THOUSAND  DOLLAR INCREMENTS. SUCH DISCLOSURE SHALL BE AVAIL
 ABLE: (A) IN WRITTEN FORM UPON REQUEST BY ANY PERSON; (B) ON THE WEBSITE
 OF SUCH INSTITUTION; AND (C) IN SUCH INSTITUTION'S CATALOGUE.
 

S 2. This act shall take effect on the sixtieth  day  after  it  shall
 have  become  a  law;  provided  that the provisions of paragraph (c) of
 subdivision 2 of section 6406 of the education law added by section  one
 of this act shall take effect July 1, 2013.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00533-02-2

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