Establishes the Empire Prepaid College Program to offer affordable, guaranteed tuition plans for New York state public postsecondary institutions.
The New York State Prepaid College Access and Affordability Act creates the Empire Prepaid College Program, administered by the Empire Prepaid College Board. This program offers families affordable, guaranteed tuition plans for New York state public postsecondary institutions, including community colleges and universities. The program also includes an optional dormitory housing plan. Contributions are eligible for existing New York 529 tax benefits.
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