Modifies the New York state science, technology, engineering and mathematics incentive program requirements for converting awards to student loans.

The bill amends the New York state science, technology, engineering and mathematics incentive program to modify the conditions under which an award is converted to a student loan. Specifically, it changes the circumstances under which the conversion occurs, including if a recipient fails to complete an approved undergraduate program in these fields or changes majors. It also adjusts the conditions for deferral of the conversion and the cancellation of obligations upon the recipient's death. The changes take effect immediately.

Modifies the New York state science, technology, engineering and mathematics incentive program requirements for converting awards to student loans.

The bill amends the New York state science, technology, engineering and mathematics incentive program to modify the conditions under which an award is converted to a student loan. Specifically, it changes the circumstances under which the conversion occurs, including if a recipient fails to complete an approved undergraduate program in these fields or changes majors. It also adjusts the conditions for deferral of the conversion and the cancellation of obligations upon the recipient's death. The changes take effect immediately.