NY State Assembly Bill 2021-A3308B

Assembly Bill A3308B

2021-2022 Legislative Session

Requires degree-granting institutions of higher education to make certain biennial disclosures

download bill text pdf

Archive: Last Bill Status - In Senate Committee Higher Education Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
May 17, 2022	referred to higher education delivered to senate passed assembly
Mar 25, 2022	advanced to third reading cal.498
Mar 22, 2022	reported
Jan 07, 2022	print number 3308b
Jan 07, 2022	amend (t) and recommit to higher education
Jan 05, 2022	referred to higher education
May 14, 2021	print number 3308a
May 14, 2021	amend and recommit to higher education
Jan 22, 2021	referred to higher education

Bill Amendments

Original

B (Active)

co-Sponsors

2021-A3308 - Details

See Senate Version of this Bill:: S299
Current Committee:: Senate Higher Education
Law Section:: Education Law
Laws Affected:: Add §239-c, Ed L
Versions Introduced in Other Legislative Sessions:: 2019-2020: A10298, S8208
2023-2024: A2177, S529

2021-A3308 - Summary

Requires degree-granting institutions of higher education to make certain annual disclosures and to conspicuously publish the report on the website of such institution and submit the website address of such report to the department.

2021-A3308 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3308
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2021
                                ___________
 
 Introduced  by M. of A. EPSTEIN -- read once and referred to the Commit-
   tee on Higher Education
 
 AN ACT to amend the education law,  in  relation  to  requiring  degree-
   granting  institutions  of  higher  education  to  make certain annual
   disclosures
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 305 of the education law is amended by adding a new
 subdivision 59 to read as follows:
   59. A. THE COMMISSIONER SHALL PROMULGATE RULES AND REGULATIONS REQUIR-
 ING ALL DEGREE-GRANTING INSTITUTIONS OF HIGHER EDUCATION OFFERING REGIS-
 TERED  UNDERGRADUATE  PROGRAMS  TO  MAKE  AND  PUBLISH  AN ANNUAL REPORT
 DISCLOSING THE FOLLOWING, BASED ON THE MOST RECENT DATA OR  CALCULATIONS
 AVAILABLE,  AND BASED ON AUDITED OR AGENCY-REVIEWED DATA WHENEVER AVAIL-
 ABLE:
   (I) WHETHER SUCH INSTITUTION IS A DEGREE-GRANTING PROPRIETARY INSTITU-
 TION OF HIGHER EDUCATION, A NON-PROFIT INSTITUTION OF  HIGHER  EDUCATION
 OR A PUBLIC INSTITUTION OF HIGHER EDUCATION;
   (II) EXCEPT FOR PUBLIC INSTITUTIONS OF HIGHER EDUCATION, THE OWNERSHIP
 OR OWNERSHIP INTEREST AND CONTROL OF SUCH INSTITUTION;
   (III)  WHETHER  THE  INSTITUTION  HAS THE AUTHORITY TO CONFER TWO-YEAR
 DEGREES, FOUR-YEAR DEGREES OR BOTH;
   (IV) A SCHEDULE OF ALL TUITION, MANDATORY  FEES  AND  OTHER  MANDATORY
 COSTS  TO ATTEND SUCH INSTITUTION, PER SEMESTER OR, WHEN APPLICABLE, PER
 QUARTER;
   (V) IN THE CASE OF  ANY  DEGREE-GRANTING  PROPRIETARY  INSTITUTION  OF
 HIGHER  EDUCATION, THE GROSS PROFIT OF SUCH INSTITUTION AS STATED IN THE
 INSTITUTION'S MOST RECENT AUDITED FINANCIAL STATEMENT SHALL BE  REPORTED
 AS A DOLLAR AMOUNT;
   (VI)  THE AMOUNT OF ANY DIVIDENDS PAID OR DISTRIBUTIONS OF ANY PART OF
 SUCH INSTITUTION'S INCOME OR PROFITS;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD02239-01-1

 A. 3308                             2
 
   (VII) THE AMOUNT OF SPENDING ON INSTRUCTION, POST-ENROLLMENT  ACADEMIC
 SUPPORT,  AND  POST-ENROLLMENT  STUDENT  SERVICES DETERMINED IN A MANNER
 CONSISTENT WITH THE SPENDING CATEGORIES USED BY THE  FEDERAL  INTEGRATED
 POSTSECONDARY  EDUCATION  DATA SYSTEM EXCEPT THE AMOUNTS (A) MAY INCLUDE
 EXPENSES  FOR  COURSE  DESIGN AND INSTRUCTOR SUPPORT RELATED TO DISTANCE
 LEARNING, AND (B) SHALL EXCLUDE EXPENSES  FOR  ADVERTISING,  RECRUITING,
 ADMISSIONS, AND OTHER ACTIVITIES RELATED TO STUDENTS NOT YET ENROLLED IN
 AN INSTITUTION;
   (VIII)  EXECUTIVE  COMPENSATION OF SUCH INSTITUTION, INCLUDING, IN THE
 CASE  OF  PROPRIETARY  INSTITUTIONS,   DIVIDENDS,   DISTRIBUTIONS,   AND
 INCREASES  IN  THE  VALUE  OF  OWNERSHIP  INTERESTS, EXPRESSED BOTH AS A
 DOLLAR AMOUNT AND AS A PERCENTAGE OF THE OVERALL BUDGET OF SUCH INSTITU-
 TION;
   (IX) MARKETING AND RECRUITMENT EXPENDITURES AS STATED  IN  THE  INSTI-
 TUTION'S  MOST  RECENTLY  AUDITED FINANCIAL STATEMENT SHALL BE EXPRESSED
 BOTH AS A DOLLAR AMOUNT AND AS A PERCENTAGE OF  THE  OVERALL  BUDGET  OF
 SUCH INSTITUTION; AND
   (X) WHEN SUCH INFORMATION IS PUBLICLY AVAILABLE OR KNOWN (OR SHOULD BE
 KNOWN) TO THE INSTITUTION:
   (A)  MEDIAN  EARNINGS  ONE YEAR AFTER GRADUATING FROM SUCH INSTITUTION
 SEPARATED BY PROGRAM;
   (B) THE PERCENTAGE OF STUDENTS WHO TAKE OUT FEDERAL  LOANS  TO  ATTEND
 SUCH INSTITUTION;
   (C)  THE  AVERAGE DOLLAR AMOUNT OF FEDERAL LOANS TAKEN OUT BY STUDENTS
 TO ATTEND SUCH INSTITUTION;
   (D) THE AVERAGE DOLLAR AMOUNT OF PRIVATE LOANS TAKEN OUT  BY  STUDENTS
 TO ATTEND SUCH INSTITUTION;
   (E)  THE AMOUNT IN DOLLARS THAT SUCH INSTITUTION RECEIVES FROM THE NEW
 YORK STATE TUITION ASSISTANCE PROGRAM;
   (F) THE PERCENTAGE OF STUDENTS WHO TOOK OUT A FEDERAL LOAN  TO  ATTEND
 SUCH INSTITUTION WHO HAVE REPAID AT LEAST ONE DOLLAR OF THE PRINCIPAL OF
 SUCH LOAN WITHIN FIVE YEARS OF LEAVING SUCH INSTITUTION; AND
   (G)  THE DEFAULT RATE AFTER THREE, FIVE, AND TEN YEARS OF STUDENTS WHO
 TOOK OUT A FEDERAL LOAN (OR PRIVATE LOAN, IF SUCH INFORMATION IS  KNOWN)
 TO ATTEND SUCH INSTITUTION.
   B.  (I)  ANNUALLY  ON OR BEFORE JULY FIRST, EACH INSTITUTION OF HIGHER
 EDUCATION SHALL CONSPICUOUSLY PUBLISH THE REPORT  PREPARED  PURSUANT  TO
 PARAGRAPH  A  OF THIS SUBDIVISION ON THE WEBSITE OF SUCH INSTITUTION AND
 SUBMIT THE URL OF SUCH REPORT TO THE DEPARTMENT.
   (II) THE COMMISSIONER SHALL PUBLISH AND MAINTAIN A LIST  OF  ALL  URLS
 RECEIVED  PURSUANT  TO SUBPARAGRAPH (I) OF THIS PARAGRAPH ON THE WEBSITE
 OF THE DEPARTMENT.
   § 2. This act shall take effect on the first of January next  succeed-
 ing the date on which it shall have become a law. Effective immediately,
 the  addition,  amendment and/or repeal of any rule or regulation neces-
 sary for the implementation of  this  act  on  its  effective  date  are
 authorized to be made and completed on or before such effective date.

co-Sponsors

View additional co-sponsors

2021-A3308A - Details

See Senate Version of this Bill:: S299
Current Committee:: Senate Higher Education
Law Section:: Education Law
Laws Affected:: Add §239-c, Ed L
Versions Introduced in Other Legislative Sessions:: 2019-2020: A10298, S8208
2023-2024: A2177, S529

2021-A3308A - Summary

2021-A3308A - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3308--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2021
                                ___________
 
 Introduced  by  M. of A. EPSTEIN, GALLAGHER, STECK, JACKSON -- read once
   and referred  to  the  Committee  on  Higher  Education  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN  ACT  to  amend  the  education law, in relation to requiring degree-
   granting institutions of  higher  education  to  make  certain  annual
   disclosures
 
   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  239-c
 to read as follows:
   §  239-C.  ANNUAL  DISCLOSURES. 1. ALL DEGREE-GRANTING INSTITUTIONS OF
 HIGHER EDUCATION OFFERING REGISTERED UNDERGRADUATE PROGRAMS  SHALL  MAKE
 AND PUBLISH AN ANNUAL REPORT DISCLOSING THE FOLLOWING, BASED ON THE MOST
 RECENT  DATA  OR CALCULATIONS AVAILABLE, AND BASED ON AUDITED OR AGENCY-
 REVIEWED DATA WHENEVER AVAILABLE:
   (A) WHETHER SUCH INSTITUTION IS A DEGREE-GRANTING PROPRIETARY INSTITU-
 TION OF HIGHER EDUCATION, A NON-PROFIT INSTITUTION OF  HIGHER  EDUCATION
 OR A PUBLIC INSTITUTION OF HIGHER EDUCATION;
   (B)  EXCEPT FOR PUBLIC INSTITUTIONS OF HIGHER EDUCATION, THE OWNERSHIP
 OR OWNERSHIP INTEREST AND CONTROL OF SUCH INSTITUTION;
   (C) WHETHER THE INSTITUTION  HAS  THE  AUTHORITY  TO  CONFER  TWO-YEAR
 DEGREES, FOUR-YEAR DEGREES OR BOTH;
   (D)  A  SCHEDULE  OF  ALL  TUITION, MANDATORY FEES AND OTHER MANDATORY
 COSTS TO ATTEND SUCH INSTITUTION, PER SEMESTER OR, WHEN APPLICABLE,  PER
 QUARTER;
   (E)  IN  THE  CASE  OF  ANY DEGREE-GRANTING PROPRIETARY INSTITUTION OF
 HIGHER EDUCATION, THE GROSS PROFIT OF SUCH INSTITUTION AS STATED IN  THE
 INSTITUTION'S  MOST RECENT AUDITED FINANCIAL STATEMENT SHALL BE REPORTED
 AS A DOLLAR AMOUNT;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02239-02-1

 A. 3308--A                          2
 
   (F) THE AMOUNT OF ANY DIVIDENDS PAID OR DISTRIBUTIONS OF ANY  PART  OF
 SUCH INSTITUTION'S INCOME OR PROFITS;
   (G)  THE  AMOUNT  OF SPENDING ON INSTRUCTION, POST-ENROLLMENT ACADEMIC
 SUPPORT, AND POST-ENROLLMENT STUDENT SERVICES  DETERMINED  IN  A  MANNER
 CONSISTENT  WITH  THE SPENDING CATEGORIES USED BY THE FEDERAL INTEGRATED
 POSTSECONDARY EDUCATION DATA SYSTEM EXCEPT THE AMOUNTS (I)  MAY  INCLUDE
 EXPENSES  FOR  COURSE  DESIGN AND INSTRUCTOR SUPPORT RELATED TO DISTANCE
 LEARNING, AND (II) SHALL EXCLUDE EXPENSES FOR  ADVERTISING,  RECRUITING,
 ADMISSIONS, AND OTHER ACTIVITIES RELATED TO STUDENTS NOT YET ENROLLED IN
 AN INSTITUTION.  IN THE CASE OF PUBLICLY FUNDED INSTITUTIONS,  REPORTING
 OF  SUCH  EXPENSES IS REQUIRED WHEN THOSE EXPENSES EXCEED TWO PERCENT OF
 THE OPERATING FUNDS DERIVED FROM STATE SOURCES;
   (H) EXECUTIVE COMPENSATION OF SUCH INSTITUTION, INCLUDING, IN THE CASE
 OF PROPRIETARY INSTITUTIONS, DIVIDENDS, DISTRIBUTIONS, AND INCREASES  IN
 THE  VALUE OF OWNERSHIP INTERESTS, EXPRESSED BOTH AS A DOLLAR AMOUNT AND
 AS A PERCENTAGE OF THE OVERALL BUDGET OF SUCH INSTITUTION;
   (I) MARKETING AND RECRUITMENT EXPENDITURES AS  STATED  IN  THE  INSTI-
 TUTION'S  MOST  RECENTLY  AUDITED FINANCIAL STATEMENT SHALL BE EXPRESSED
 BOTH AS A DOLLAR AMOUNT AND AS A PERCENTAGE OF  THE  OVERALL  BUDGET  OF
 SUCH INSTITUTION.  IN THE CASE OF PUBLICLY FUNDED INSTITUTIONS,  REPORT-
 ING  OF SUCH EXPENSES IS REQUIRED WHEN THOSE EXPENSES EXCEED TWO PERCENT
 OF THE OPERATING FUNDS DERIVED FROM STATE SOURCES; AND
   (J) WHEN SUCH INFORMATION IS PUBLICLY AVAILABLE OR ACCESSIBLE  TO  THE
 INSTITUTION:
   (I)  MEDIAN  EARNINGS  ONE YEAR AFTER GRADUATING FROM SUCH INSTITUTION
 SEPARATED BY PROGRAM;
   (II) THE PERCENTAGE OF STUDENTS WHO TAKE OUT FEDERAL LOANS  TO  ATTEND
 SUCH INSTITUTION;
   (III) THE AVERAGE DOLLAR AMOUNT OF FEDERAL LOANS TAKEN OUT BY STUDENTS
 TO ATTEND SUCH INSTITUTION;
   (IV)  THE AVERAGE DOLLAR AMOUNT OF PRIVATE LOANS TAKEN OUT BY STUDENTS
 TO ATTEND SUCH INSTITUTION;
   (V) THE AMOUNT IN DOLLARS THAT SUCH INSTITUTION RECEIVES FROM THE  NEW
 YORK STATE TUITION ASSISTANCE PROGRAM;
   (VI)  THE PERCENTAGE OF STUDENTS WHO TOOK OUT A FEDERAL LOAN TO ATTEND
 SUCH INSTITUTION WHO HAVE REPAID AT LEAST ONE DOLLAR OF THE PRINCIPAL OF
 SUCH LOAN WITHIN FIVE YEARS OF LEAVING SUCH INSTITUTION; AND
   (VII) THE DEFAULT RATE AFTER THREE, FIVE, AND TEN  YEARS  OF  STUDENTS
 WHO  TOOK  OUT  A  FEDERAL LOAN (OR PRIVATE LOAN, IF SUCH INFORMATION IS
 ACCESSIBLE TO THE INSTITUTION) TO ATTEND SUCH INSTITUTION.
   2. (A) BIENNIALLY ON OR BEFORE THE FIRST DAY OF JULY, EACH INSTITUTION
 OF HIGHER EDUCATION SHALL  CONSPICUOUSLY  PUBLISH  THE  REPORT  PREPARED
 PURSUANT  TO  SUBDIVISION  ONE  OF  THIS  SECTION ON THE WEBSITE OF SUCH
 INSTITUTION AND SUBMIT THE WEBSITE ADDRESS OF SUCH REPORT TO THE DEPART-
 MENT.
   (B) THE COMMISSIONER SHALL PUBLISH AND MAINTAIN A LIST OF ALL  WEBSITE
 ADDRESSES  RECEIVED PURSUANT TO PARAGRAPH (A) OF THIS SUBDIVISION ON THE
 WEBSITE OF THE DEPARTMENT.
   § 2. This act shall take effect on the first of January next  succeed-
 ing the date on which it shall have become a law. Effective immediately,
 the  addition,  amendment and/or repeal of any rule or regulation neces-
 sary for the implementation of  this  act  on  its  effective  date  are
 authorized to be made and completed on or before such effective date.

co-Sponsors

View additional co-sponsors

2021-A3308B (ACTIVE) - Details

See Senate Version of this Bill:: S299
Current Committee:: Senate Higher Education
Law Section:: Education Law
Laws Affected:: Add §239-c, Ed L
Versions Introduced in Other Legislative Sessions:: 2019-2020: A10298, S8208
2023-2024: A2177, S529

2021-A3308B (ACTIVE) - Summary

2021-A3308B (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3308--B
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2021
                                ___________
 
 Introduced  by  M.  of  A.  EPSTEIN, GALLAGHER, STECK, JACKSON, FORREST,
   BURDICK, CLARK, MAGNARELLI, GOTTFRIED -- read once and referred to the
   Committee on Higher Education -- committee discharged,  bill  amended,
   ordered  reprinted  as  amended  and  recommitted to said committee --
   recommitted to the Committee on Higher Education  in  accordance  with
   Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered
   reprinted as amended and recommitted to said committee
 
 AN  ACT  to  amend  the  education law, in relation to requiring degree-
   granting institutions of higher education  to  make  certain  biennial
   disclosures
 
   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  239-d
 to read as follows:
   §  239-D. BIENNIAL DISCLOSURES. 1. ALL DEGREE-GRANTING INSTITUTIONS OF
 HIGHER EDUCATION OFFERING REGISTERED UNDERGRADUATE PROGRAMS  SHALL  MAKE
 AND  PUBLISH  A  BIENNIAL  REPORT DISCLOSING THE FOLLOWING, BASED ON THE
 MOST RECENT DATA OR CALCULATIONS AVAILABLE,  AND  BASED  ON  AUDITED  OR
 AGENCY-REVIEWED DATA WHENEVER AVAILABLE:
   (A) WHETHER SUCH INSTITUTION IS A DEGREE-GRANTING PROPRIETARY INSTITU-
 TION  OF  HIGHER EDUCATION, A NON-PROFIT INSTITUTION OF HIGHER EDUCATION
 OR A PUBLIC INSTITUTION OF HIGHER EDUCATION;
   (B) EXCEPT FOR PUBLIC INSTITUTIONS OF HIGHER EDUCATION, THE  OWNERSHIP
 OR OWNERSHIP INTEREST AND CONTROL OF SUCH INSTITUTION;
   (C)  WHETHER  THE  INSTITUTION  HAS  THE  AUTHORITY TO CONFER TWO-YEAR
 DEGREES, FOUR-YEAR DEGREES OR BOTH;
   (D) A SCHEDULE OF ALL TUITION,  MANDATORY  FEES  AND  OTHER  MANDATORY
 COSTS  TO ATTEND SUCH INSTITUTION, PER SEMESTER OR, WHEN APPLICABLE, PER
 QUARTER;
   (E) IN THE CASE OF  ANY  DEGREE-GRANTING  PROPRIETARY  INSTITUTION  OF
 HIGHER  EDUCATION, THE GROSS PROFIT OF SUCH INSTITUTION AS STATED IN THE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02239-04-1

 A. 3308--B                          2
 
 INSTITUTION'S MOST RECENT AUDITED FINANCIAL STATEMENT SHALL BE  REPORTED
 AS A DOLLAR AMOUNT;
   (F)  THE  AMOUNT OF ANY DIVIDENDS PAID OR DISTRIBUTIONS OF ANY PART OF
 SUCH INSTITUTION'S INCOME OR PROFITS;
   (G) THE AMOUNT OF SPENDING ON  INSTRUCTION,  POST-ENROLLMENT  ACADEMIC
 SUPPORT,  AND  POST-ENROLLMENT  STUDENT  SERVICES DETERMINED IN A MANNER
 CONSISTENT WITH THE SPENDING CATEGORIES USED BY THE  FEDERAL  INTEGRATED
 POSTSECONDARY  EDUCATION  DATA SYSTEM EXCEPT THE AMOUNTS (I) MAY INCLUDE
 EXPENSES FOR COURSE DESIGN AND INSTRUCTOR SUPPORT  RELATED  TO  DISTANCE
 LEARNING,  AND  (II) SHALL EXCLUDE EXPENSES FOR ADVERTISING, RECRUITING,
 ADMISSIONS, AND OTHER ACTIVITIES RELATED TO STUDENTS NOT YET ENROLLED IN
 AN INSTITUTION.  IN THE CASE OF PUBLICLY FUNDED INSTITUTIONS,  REPORTING
 OF SUCH EXPENSES IS REQUIRED WHEN THOSE EXPENSES EXCEED TWO  PERCENT  OF
 THE OPERATING FUNDS DERIVED FROM STATE SOURCES;
   (H) EXECUTIVE COMPENSATION OF SUCH INSTITUTION, INCLUDING, IN THE CASE
 OF  PROPRIETARY INSTITUTIONS, DIVIDENDS, DISTRIBUTIONS, AND INCREASES IN
 THE VALUE OF OWNERSHIP INTERESTS, EXPRESSED BOTH AS A DOLLAR AMOUNT  AND
 AS A PERCENTAGE OF THE OVERALL BUDGET OF SUCH INSTITUTION;
   (I)  MARKETING  AND  RECRUITMENT  EXPENDITURES AS STATED IN THE INSTI-
 TUTION'S MOST RECENTLY AUDITED FINANCIAL STATEMENT  SHALL  BE  EXPRESSED
 BOTH  AS  A  DOLLAR  AMOUNT AND AS A PERCENTAGE OF THE OVERALL BUDGET OF
 SUCH INSTITUTION.  IN THE CASE OF PUBLICLY FUNDED INSTITUTIONS,  REPORT-
 ING OF SUCH EXPENSES IS REQUIRED WHEN THOSE EXPENSES EXCEED TWO  PERCENT
 OF THE OPERATING FUNDS DERIVED FROM STATE SOURCES; AND
   (J)  WHEN  SUCH INFORMATION IS PUBLICLY AVAILABLE OR ACCESSIBLE TO THE
 INSTITUTION:
   (I) MEDIAN EARNINGS ONE YEAR AFTER GRADUATING  FROM  SUCH  INSTITUTION
 SEPARATED BY PROGRAM;
   (II)  THE  PERCENTAGE OF STUDENTS WHO TAKE OUT FEDERAL LOANS TO ATTEND
 SUCH INSTITUTION;
   (III) THE AVERAGE DOLLAR AMOUNT OF FEDERAL LOANS TAKEN OUT BY STUDENTS
 TO ATTEND SUCH INSTITUTION;
   (IV) THE AVERAGE DOLLAR AMOUNT OF PRIVATE LOANS TAKEN OUT BY  STUDENTS
 TO ATTEND SUCH INSTITUTION;
   (V)  THE AMOUNT IN DOLLARS THAT SUCH INSTITUTION RECEIVES FROM THE NEW
 YORK STATE TUITION ASSISTANCE PROGRAM;
   (VI) THE PERCENTAGE OF STUDENTS WHO TOOK OUT A FEDERAL LOAN TO  ATTEND
 SUCH INSTITUTION WHO HAVE REPAID AT LEAST ONE DOLLAR OF THE PRINCIPAL OF
 SUCH LOAN WITHIN FIVE YEARS OF LEAVING SUCH INSTITUTION; AND
   (VII)  THE  DEFAULT  RATE AFTER THREE, FIVE, AND TEN YEARS OF STUDENTS
 WHO TOOK OUT A FEDERAL LOAN (OR PRIVATE LOAN,  IF  SUCH  INFORMATION  IS
 ACCESSIBLE TO THE INSTITUTION) TO ATTEND SUCH INSTITUTION.
   2. (A) BIENNIALLY ON OR BEFORE THE FIRST DAY OF JULY, EACH INSTITUTION
 OF  HIGHER  EDUCATION  SHALL  CONSPICUOUSLY  PUBLISH THE REPORT PREPARED
 PURSUANT TO SUBDIVISION ONE OF THIS  SECTION  ON  THE  WEBSITE  OF  SUCH
 INSTITUTION AND SUBMIT THE WEBSITE ADDRESS OF SUCH REPORT TO THE DEPART-
 MENT.
   (B)  THE COMMISSIONER SHALL PUBLISH AND MAINTAIN A LIST OF ALL WEBSITE
 ADDRESSES RECEIVED PURSUANT TO PARAGRAPH (A) OF THIS SUBDIVISION ON  THE
 WEBSITE OF THE DEPARTMENT.
   §  2. This act shall take effect on the first of January next succeed-
 ing the date on which it shall have become a law. Effective immediately,
 the addition, amendment and/or repeal of any rule or  regulation  neces-
 sary  for  the  implementation  of  this  act  on its effective date are
 authorized to be made and completed on or before such effective date.

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Assembly Bill A3308B

Share this bill

Sponsored By

EPSTEIN

Archive: Last Bill Status - In Senate Committee Higher Education Committee

Bill Amendments

co-Sponsors

Emily Gallagher

Phil Steck

Chantel Jackson

2021-A3308 - Details

2021-A3308 - Summary

2021-A3308 - Bill Text download pdf

co-Sponsors

Emily Gallagher

Phil Steck

Chantel Jackson

Phara Souffrant Forrest

2021-A3308A - Details

2021-A3308A - Summary

2021-A3308A - Bill Text download pdf

co-Sponsors

Emily Gallagher

Phil Steck

Chantel Jackson

Phara Souffrant Forrest

2021-A3308B (ACTIVE) - Details

2021-A3308B (ACTIVE) - Summary

2021-A3308B (ACTIVE) - Bill Text download pdf

Comments