Senate Bill S5086

2021-2022 Legislative Session

Establishes the child care professionals loan forgiveness incentive program

download bill text pdf

Sponsored By

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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2021-S5086 (ACTIVE) - Details

See Assembly Version of this Bill:
A1298
Current Committee:
Senate Higher Education
Law Section:
Education Law
Laws Affected:
Amd §605, Ed L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3265
2011-2012: A4152
2013-2014: A405
2015-2016: A1715
2017-2018: S6418, A509
2019-2020: S3784, A2907
2023-2024: S5722, S9458, A186

2021-S5086 (ACTIVE) - Summary

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.

2021-S5086 (ACTIVE) - Sponsor Memo

2021-S5086 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5086
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 23, 2021
                                ___________
 
 Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
   printed to be committed 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:
 
   Section 1. Section 605 of the education law is amended by adding a new
 subdivision 13 to read as follows:
   13. NEW YORK STATE CHILD CARE PROFESSIONALS LOAN FORGIVENESS INCENTIVE
 PROGRAM. A. PURPOSE.  THE PRESIDENT SHALL GRANT STUDENT LOAN FORGIVENESS
 AWARDS FOR THE PURPOSE OF INCREASING THE NUMBER OF  CHILD  CARE  PROFES-
 SIONALS  EMPLOYED  IN  NEW  YORK  STATE.  SUCH AWARDS SHALL BE MADE ON A
 COMPETITIVE BASIS TO APPLICANTS WHO HAVE GRADUATED FROM  AN  INSTITUTION
 OF HIGHER EDUCATION APPROVED OR REGISTERED BY THE REGENTS.
   B.  ELIGIBILITY.  (1)  TO  BE ELIGIBLE TO RECEIVE AN AWARD PURSUANT TO
 THIS SUBDIVISION, AN APPLICANT MUST BE A RESIDENT OF NEW YORK STATE  WHO
 HAS  GRADUATED  FROM  AN  INSTITUTION  OF  HIGHER  EDUCATION  AND HAS AN
 OUTSTANDING STUDENT LOAN DEBT.
   (2) SUCH AWARDS SHALL BE MADE ANNUALLY  TO  ELIGIBLE  APPLICANTS  WHO,
 PRIOR TO ACCEPTING SUCH AWARDS, ENGAGED IN TWELVE MONTHS OF SERVICE AS A
 CHILD  CARE PROFESSIONAL IN A CHILD DAY CARE FACILITY LICENSED OR REGIS-
 TERED PURSUANT TO THE SOCIAL SERVICES LAW OR THE ADMINISTRATIVE CODE  OF
 THE CITY OF NEW YORK AND SUCH AWARDS SHALL NOT EXCEED AN AMOUNT OF TWEN-
 TY-FIVE  THOUSAND DOLLARS AND SHALL BE MADE TO SUCH APPLICANTS, PURSUANT
 TO THE FOLLOWING SCHEDULE:
   (I) TWENTY PERCENT TO BE AWARDED UPON  THE  COMPLETION  OF  THE  FIRST
 YEAR;
   (II)  TWENTY  PERCENT  TO BE AWARDED UPON THE COMPLETION OF THE SECOND
 YEAR;
   (III) TWENTY PERCENT TO BE AWARDED UPON THE COMPLETION  OF  THE  THIRD
 YEAR;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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