Senate Bill S1673

2025-2026 Legislative Session

Relates to requiring new employees to be provided certain information relating to student loan repayment information

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Labor 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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2025-S1673 (ACTIVE) - Details

Current Committee:
Senate Labor
Law Section:
Labor Law
Laws Affected:
Add §217-a, Lab L
Versions Introduced in Other Legislative Sessions:
2019-2020: S5048
2021-2022: S859
2023-2024: S346

2025-S1673 (ACTIVE) - Summary

Directs the development of materials to be provided to new employees relating to student loan repayment information.

2025-S1673 (ACTIVE) - Sponsor Memo

2025-S1673 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1673
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 13, 2025
                                ___________
 
 Introduced by Sens. GOUNARDES, ADDABBO, FERNANDEZ, JACKSON, MAY, WEBB --
   read  twice  and  ordered printed, and when printed to be committed to
   the Committee on Labor
 
 AN ACT to amend the labor law, in relation  to  student  loan  repayment
   information
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The labor law is amended by adding a new section  217-a  to
 read as follows:
   §  217-A.  STUDENT  LOAN  REPAYMENT INFORMATION TO BE PROVIDED. 1. THE
 COMMISSIONER, IN CONSULTATION WITH THE PRESIDENT OF THE HIGHER EDUCATION
 SERVICES CORPORATION, AND  THE  SUPERINTENDENT  OF  FINANCIAL  SERVICES,
 SHALL  DEVELOP  A  NOTICE, PAMPHLET OR OTHER WRITTEN MATERIALS REGARDING
 RESPONSIBILITIES AND REPAYMENT OPTIONS FOR STUDENT LOANS. SUCH MATERIALS
 SHALL INCLUDE INFORMATION ABOUT CONSOLIDATION  AND  ALTERNATIVE  FEDERAL
 STUDENT  LOAN  REPAYMENT PLANS, INCLUDING INCOME-BASED PROGRAMS, THAT DO
 NOT REQUIRE CONSOLIDATING EXISTING FEDERAL STUDENT LOANS,  THAT  MAY  BE
 AVAILABLE  TO  BORROWERS. SUCH MATERIALS SHALL ALSO PROVIDE DIRECTION TO
 ADDITIONAL RESOURCES INCLUDING THE WEBSITE FOR THE DEPARTMENT OF  FINAN-
 CIAL  SERVICES'  STUDENT  LENDING RESOURCE CENTER.  ADDITIONAL MATERIALS
 SHALL BE DEVELOPED IN THE SAME  MANNER  REGARDING  PUBLIC  SERVICE  LOAN
 FORGIVENESS OR REPAYMENT PROGRAMS.
   2.  EVERY  EMPLOYER  IN  THE  STATE  SHALL PROVIDE UPON HIRING, TO ANY
 PERSON HIRED FOR A POST-GRADUATE INTERNSHIP OR AN  ENTRY-LEVEL  POSITION
 OF EMPLOYMENT THAT REQUIRES AN ASSOCIATE'S DEGREE OR HIGHER, ON OR AFTER
 THE  EFFECTIVE DATE OF THIS SECTION A NOTICE WITH REGARD TO REPAYMENT OF
 STUDENT LOANS DEVELOPED IN ACCORDANCE WITH THIS SECTION,  PROVIDED  THAT
 PUBLIC  EMPLOYERS  SHALL  ADDITIONALLY PROVIDE A NOTICE REGARDING PUBLIC
 SERVICE LOAN FORGIVENESS OR REPAYMENT PROGRAMS.
   3. (A) "STUDENT LOAN" MEANS ANY LOAN TO A BORROWER  TO  FINANCE  POST-
 SECONDARY EDUCATION OR EXPENSES RELATED TO POST-SECONDARY EDUCATION.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00228-02-5

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