2016-17 Enacted New York State Budget

2016-17 Enacted New York State Budget

The recently enacted 2016-17 New York State Budget provides continued support for New York State students in their pursuit of a postsecondary education, and makes the following changes impacting students applying to, enrolled in, or recently graduated from college.

Income Tax Data for New York State Financial Aid Programs

The Enacted Budget authorizes New York State students to file their Tuition Assistance Program (TAP) application with the same tax data used to file the Free Application for Federal Student Aid (FAFSA).  As such, New York State students will be able to use prior-prior year tax data to complete both their federal and New York State financial aid applications for the 2017-18 academic year.

Programs Made Permanent

The Budget makes permanent the NYS Licensed Social Worker Loan Forgiveness Program; the NYS Nursing Faculty Loan Forgiveness Incentive Program; the Regents Physician Loan Forgiveness Program and the Senator Patricia K. McGee Nursing Faculty Scholarships Program.

Loan Forgiveness for Certain State Awards

The Enacted Budget authorizes recipients of the Senator Patricia K. McGee Nursing Faculty Scholarship Program and the NYS Math and Science Teaching Incentive Program to have their repayment obligations:

  • deferred for any interruptions in study or employment
  • waived or suspended in cases of extreme hardship
  • cancelled upon the death of the recipient

Standard Financial Aid Award Letter

The Enacted Budget requires the standard financial aid award letter from New York State colleges and universities for undergraduate financial aid applicants only. Beginning with the 2016-17 academic year, it is no longer required for graduate students. For more information on the standard financial aid award letter, visit the New York State Department of Financial Services at dfs.ny.gov.

SUNY/CUNY Tuition Credit Formula

The 2016-17 State Budget continues the TAP Tuition Credit for students attending a SUNY or CUNY college or university through the 2016-17 school year.