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New York policy

A4897: Makes provisions with respect to student awards, loans and tuition assistance programs

NY Assembly · Sponsor J. Gary Pretlow

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Jurisdiction
New York State
Applies to
New York State (proposed)
Effective
January 7, 2026

What it requires

Requires the higher education services corporation to make a determination of financial eligibility of a student for financial aid, awards and loans within 60 days from the day of the receipt of the financial aid application; where the higher education services corporation fails to make a timely determination the applicant shall be deemed eligible for such aid for the semester for which the application was made; allows for a 30-day extension if notice is given to the educational institution within the initial 60-day period.

ny-stateassemblylegislationbill

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