Establishes the New York state veteran student loan forgiveness program
This bill creates New York's Veteran Student Loan Forgiveness Program, providing eligible veterans with up to $10,000 annually toward student loan debt for up to five years (capping at $50,000 total). It directly affects New York resident veterans who: graduated from a New York college/university, hold student loans from that degree, work full-time in New York, agree to reside in the state for five years, and have no prior federal loan forgiveness. Priority is given to veterans with a 40%+ disability rating from military service or documented economic hardship. The program is funded through state appropriations, with awards disbursed competitively based on established eligibility rules.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 7, 2025
Last action Jan 7, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO HIGHER EDUCATION
upper
Mar 7, 2025
Committee
REFERRED TO HIGHER EDUCATION
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jessica Scarcella-Spanton
DDemocratic
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