Relates to requiring new employees to be provided certain information relating to student loan repayment information
This bill requires employers in New York to provide new employees with information about student loan repayment options during the hiring process. It directly affects employers hiring for entry-level positions requiring an associate's degree or higher (including post-graduate interns), starting on the bill's effective date. Employers must give newly hired workers written materials covering federal repayment plans, income-based options, consolidation, and public service loan forgiveness programs, plus links to the state's financial services resource center. The materials must be developed by the Labor Commissioner with input from higher education and financial services officials.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2025
Last action Jan 7, 2026
Maddy AI version diff · 1 comparison
What changed between versions
A639
→
A639A
·
4 edits
MODERATE
This bill was amended to broaden its scope from specifically addressing public service loan forgiveness to covering all student loan repayment information. The changes expand the requirement for employers to provide comprehensive student loan information to new hires, including details about consolidation options and income-based repayment plans.
Scope change
The bill's scope was expanded from only public service loan forgiveness programs to include all student loan repayment information and options.
SCOPE
Changed the bill title and subject from 'public service loan forgiveness program information' to 'student loan repayment information' to cover broader student loan topics.
REQUIREMENT
Added new requirement for employers to provide information about student loan consolidation and alternative federal repayment plans that do not require loan consolidation.
Added requirement for public employers to additionally provide notices about public service loan forgiveness or repayment programs.
DEFINITION
Added formal definitions for 'student loan' and 'borrower' to clarify who the requirements apply to.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
2
Committee
2
Amendments
2
Jan 7, 2026
Committee
REFERRED TO BANKS
lower
Feb 26, 2025
Lower · Passed
PRINT NUMBER 639A
lower
Feb 26, 2025
Lower · Passed
AMEND (T) AND RECOMMIT TO BANKS
lower
Jan 8, 2025
Committee
REFERRED TO BANKS
lower
1 primary · 11 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Ron Kim
DDemocratic
Co
Al Taylor
DDemocratic
Co
Alicia Hyndman
DDemocratic
Co
Andrew Hevesi
DDemocratic
Co
Chris Burdick
DDemocratic/Independence/Working Families
Co
Emily Gallagher
DDemocratic
Co
JG
Jessica González-Rojas
DDemocratic/Working Families
Co
Karines Reyes
DDemocratic
Co
Nader Sayegh
DDemocratic
Co
Nikki Lucas
DDemocratic
Co
Phara Souffrant Forrest
DDemocratic
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