§ 609. Tuition, aid and placement report. In academic year two
thousand sixteen--two thousand seventeen, all non-public institutions of
higher education, recognized and approved by the regents of the
university of the state of New York, which provide a course of study
leading to the granting of a four year post-secondary degree or diploma,
except for a non-public degree-granting institution that does not offer
a program of study that leads to a baccalaureate degree, or at a
registered not-for-profit business school qualified for tax exemption
under section 501(c)(3) of the internal revenue code for federal income
tax purposes that does not offer a program of study that leads to a
baccalaureate degree, shall report to the senate and assembly chairs of
the higher education committees on or before August fifteenth, two
thousand sixteen, on the following: factors that drive cost increases;
tuition trends for the past six years and percentage of year to year
increases; total cost of fees; if the institution has an endowment and
the amount of such endowment; the average institutional financial aid
package by income bracket as defined by the National Center for
Education Statistics' Integrated Post-Secondary Education Data System;
graduation rates for four, five and six years; enrollment trends over
the past six years; the amount spent to educate students per FTE; the
percentage of students who are TAP and Pell eligible; administrative and
operating costs and the percentage of those costs funded by tuition; and
cost saving measures implemented over the past six years, if any.