Bill Text: NY A00186 | 2023-2024 | General Assembly | Introduced

---

Bill Title: Creates the child care professionals loan forgiveness incentive program for applicants who agree to engage in employment in the child care field; establishes the eligibility for such awards; establishes the amount and duration of such awards.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced) 2024-01-03 - referred to higher education [A00186 Detail]

Download: New_York-2023-A00186-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                           186

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                       (Prefiled)

                                     January 4, 2023
                                       ___________

        Introduced  by  M.  of  A.  MAGNARELLI -- Multi-Sponsored by -- M. of A.
          COLTON, LUPARDO, PEOPLES-STOKES --  read  once  and  referred  to  the
          Committee on Higher Education

        AN  ACT  to  amend  the education law, in relation to creating the child
          care professionals loan forgiveness incentive program

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. Section 605 of the education law is amended by adding a new
     2  subdivision 13 to read as follows:
     3    13. New York state child care professionals loan forgiveness incentive
     4  program. a. Purpose.  The president shall grant student loan forgiveness
     5  awards  for  the  purpose of increasing the number of child care profes-
     6  sionals employed in New York state. Such  awards  shall  be  made  on  a
     7  competitive  basis  to applicants who have graduated from an institution
     8  of higher education approved or registered by the regents.
     9    b. Eligibility. (1) To be eligible to receive  an  award  pursuant  to
    10  this  subdivision, an applicant must be a resident of New York state who
    11  has graduated from  an  institution  of  higher  education  and  has  an
    12  outstanding student loan debt.
    13    (2)  Such  awards  shall  be made annually to eligible applicants who,
    14  prior to accepting such awards, engaged in twelve months of service as a
    15  child care professional in a child day care facility licensed or  regis-
    16  tered  pursuant to the social services law or the administrative code of
    17  the city of New York and such awards shall not exceed an amount of twen-
    18  ty-five thousand dollars and shall be made to such applicants,  pursuant
    19  to the following schedule:
    20    (i)  twenty  percent  to  be  awarded upon the completion of the first
    21  year;
    22    (ii) twenty percent to be awarded upon the completion  of  the  second
    23  year;

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00265-01-3
        A. 186                              2

     1    (iii)  twenty  percent  to be awarded upon the completion of the third
     2  year;
     3    (iv)  twenty  percent  to be awarded upon the completion of the fourth
     4  year; and
     5    (v) twenty percent to be awarded upon  the  completion  of  the  fifth
     6  year.
     7    (3)  Recipients  of  such  awards shall be eligible to apply for other
     8  awards established under this chapter.
     9    c. Duration. Such awards shall be made annually, for no more than five
    10  years, to applicants who remain eligible under this subdivision and  who
    11  are certified as such by the corporation.
    12    d.  Amount. The corporation shall grant such awards within the amounts
    13  appropriated for such purpose and based on the availability of funds  in
    14  an  amount not to exceed the total cost of the completion of such degree
    15  programs. Cost of completion of such degrees shall include:  tuition  at
    16  an institution of higher education approved or registered by the regents
    17  and other required or reasonable student fees.
    18    § 2. This act shall take effect immediately.