Bill Text: NY A10084 | 2023-2024 | General Assembly | Introduced

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Bill Title: Directs the higher education services corporation to create a net price calculator center for colleges on its website.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-05-03 - referred to higher education [A10084 Detail]

Download: New_York-2023-A10084-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          10084

                   IN ASSEMBLY

                                       May 3, 2024
                                       ___________

        Introduced  by M. of A. MEEKS -- read once and referred to the Committee
          on Higher Education

        AN ACT to amend the education law, in relation to a net price calculator
          center for colleges

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1. The education law is amended by adding a new section 689-b
     2  to read as follows:
     3    § 689-b. Net price calculator center. 1.  For  the  purposes  of  this
     4  section:
     5    (a)  "Estimated  cost  of attendance" shall mean the total amount, not
     6  including grants and scholarships, that it costs to  attend  a  college,
     7  which  may  include, among other expenses, tuition and fees, housing and
     8  meals, allowances for books,  supplies,  transportation,  and  dependent
     9  care.
    10    (b) "Net price" shall mean the estimated cost of attendance at a given
    11  college after accounting for financial aid which does not require repay-
    12  ment.
    13    (c) "Net price calculator" shall mean a tool to calculate net price at
    14  a college.
    15    2.  (a)  The  president  shall,  in conjunction with the commissioner,
    16  create a net price calculator center which provides a net price calcula-
    17  tor tool for all colleges in  this  state.  Such  net  price  calculator
    18  center shall be prominently displayed on and easily accessed through the
    19  corporation's website.
    20    (b)  The  president  and commissioner may incorporate information from
    21  existing net price calculators on a college's website when designing the
    22  net price calculator tool to be hosted on the corporation's website, but
    23  such calculator shall exist as a singular calculator able to provide net
    24  prices for all colleges in the state rather than linking  to  net  price
    25  calculators on each individual college's website.
    26    (c)  Such  calculator  tool  shall  require  a user to enter household
    27  income, assets, and other pertinent information at the onset of the  use
    28  of such tool and then shall use such information to produce an estimated

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13321-02-3
        A. 10084                            2

     1  net price for any college in this state. Such tool shall not require the
     2  user to enter such information anew for each estimate that such calcula-
     3  tor produces.
     4    (d)  The  president  and  commissioner  shall  utilize the tuition and
     5  related cost information  most  recently  reported  by  a  college  when
     6  designing  the  net  price  calculator  described  herein.  If a college
     7  updates its estimated cost of  attendance,  either  on  its  website  or
     8  otherwise, the net price calculator shall incorporate such updated costs
     9  into its calculations.
    10    §  2.  This  act shall take effect on the ninetieth day after it shall
    11  have become a law. Effective immediately, the addition, amendment and/or
    12  repeal of any rule or regulation necessary  for  the  implementation  of
    13  this  act  on its effective date are authorized to be made and completed
    14  on or before such effective date.