Increases the household threshold income cap on tuition assistance from $80,000 to $100,000.
TITLE OF BILL: An act to amend the education law, in relation to tuition assistance program rewards
PURPOSE OR GENERAL IDEA OF BILL: This bill would increase the household threshold income cap for the State's Tuition Assistance Program (TAP) from $80,000 to $100,000.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 amends Section 667 subdivision 3; paragraph a, subparagraph ii, clause D of the education law as amended by section 1 of part B of Chapter 60 of the laws of 2000.
Section 2 is the effective date.
JUSTIFICATION: With more and more jobs in the United States requiring bachelors and masters degrees in other to obtain them, the focus for the current generation is to go to college. However, the cost of attending a college and university has increased tremendously, making it harder for students to gain access to higher education. Furthermore, if a family has more than one child, the current income cap threshold doesn't take that into account. This legislation would expand the maximum income cap for eligibility by $20,000 to $100,000 so more middle-class families can receive assistance in paying college tuition. The household income cap has not increased since 2000, when it went from $50,500 to $80,000. This change of the income cap threshold will make it more in tune with the current tuition prices, inflation values and make it so more New Yorkers can go to college.
PRIOR LEGISLATIVE HISTORY: None.
FISCAL IMPLICATIONS: To be determined.
EFFECTIVE DATE: This act shall take effect immediately
STATE OF NEW YORK ________________________________________________________________________ S. 7248 A. 9554 S E N A T E - A S S E M B L Y May 7, 2014 ___________IN SENATE -- Introduced by Sens. LANZA, GOLDEN, SAVINO -- read twice and ordered printed, and when printed to be committed to the Committee on Higher Education IN ASSEMBLY -- Introduced by M. of A. MALLIOTAKIS, BORELLI -- read once and referred to the Committee on Higher Education AN ACT to amend the education law, in relation to tuition assistance program rewards THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Clause (D) of subparagraph (ii) of paragraph a of subdivi- sion 3 of section 667 of the education law, as amended by section 1 of part B of chapter 60 of the laws of 2000, is amended to read as follows: (D) Eighteen thousand dollars or Nine hundred eighty dollars more, but not more than plus twelve per centum of
[eighty]ONE HUNDRED excess over eighteen thousand dollars thousand dollars S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14741-01-4