Bill Text: NY A07755 | 2017-2018 | General Assembly | Introduced

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Bill Title: Modifies conditions for New York state excelsior scholarship eligibility to ensure recipients need not work in the state following graduation and avoids converting the scholarship into a student loan in the event the recipient enlists in military service.

Spectrum: Moderate Partisan Bill (Democrat 8-1)

Status: (Introduced - Dead) 2018-01-03 - referred to higher education [A07755 Detail]

Download: New_York-2017-A07755-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7755
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                      May 11, 2017
                                       ___________
        Introduced  by M. of A. SKOUFIS -- read once and referred to the Commit-
          tee on Higher Education
        AN ACT to amend the education law, in relation to  eligibility  for  the
          New York state excelsior scholarship
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph (e) of subdivision 4  of  section  669-h  of  the
     2  education  law,  as  added by section 1 of part HHH of chapter 59 of the
     3  laws of 2017, is amended to read as follows:
     4    (e) A recipient shall agree to reside exclusively in New  York  state,
     5  [and  shall not be employed in any other state,] for a continuous number
     6  of years equal to the duration of the award received within  six  months
     7  of  receipt  of his or her final award payment, and sign a contract with
     8  the corporation to have his or her full award  converted  to  a  student
     9  loan according to a schedule to be determined by the corporation if such
    10  student  fails  to fulfill this requirement. The terms and conditions of
    11  this paragraph may, as established by the rules and regulations  of  the
    12  corporation, be deferred: (i) to complete undergraduate study; [or] (ii)
    13  to  attend  graduate  school  on at least a half-time basis; or (iii) to
    14  enlist  in  military  service.  Any  obligation  to  comply  with   such
    15  provisions as outlined in this paragraph may be cancelled upon the death
    16  of  the  recipient.  Notwithstanding any provisions of this paragraph to
    17  the contrary, the corporation is  authorized  to  promulgate  rules  and
    18  regulations  to  provide  for  the waiver or suspension of any financial
    19  obligation which would involve extreme hardship.
    20    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11046-01-7