Allows the higher education services corporation to consider an applicant's change in income due to the loss of employment in determining eligibility.

New York S02565 amends the education law to allow the higher education services corporation to consider an applicant's change in income due to the loss of employment in determining eligibility and award amount for the tuition assistance program. This change applies to applicants or their parents who experience a loss of employment, and the corporation can utilize the applicant's income reported in New York state income tax returns for the prior calendar year to make adjustments. The act takes effect immediately.

Allows the higher education services corporation to consider an applicant's change in income due to the loss of employment in determining eligibility.

New York S02565 amends the education law to allow the higher education services corporation to consider an applicant's change in income due to the loss of employment in determining eligibility and award amount for the tuition assistance program. This change applies to applicants or their parents who experience a loss of employment, and the corporation can utilize the applicant's income reported in New York state income tax returns for the prior calendar year to make adjustments. The act takes effect immediately.