N.Y. Education Law § 689-a: Tuition credits

* § 689-a. Tuition credits. 1. The New York state higher education

services corporation shall calculate a tuition credit for each resident

undergraduate student who has filed an application with such corporation

for a tuition assistance program award pursuant to section six hundred

sixty-seven of this article, and is determined to be eligible to receive

such award, and is also enrolled in a program of undergraduate study at

a state operated or senior college of the state university of New York

or the city university of New York where the annual resident

undergraduate tuition rate will exceed the maximum tuition assistance

program award pursuant to subitem (a) of item one of clause (A) of

subparagraph (i) of paragraph a of subdivision three of section six

hundred sixty-seven of this article. Such tuition credit shall be

calculated for each semester, quarter or term of study that tuition is

charged and tuition for the corresponding semester, quarter or term

shall not be due for any student eligible to receive such tuition credit

until such credit is calculated, the student and school where the

student is enrolled is notified of the tuition credit amount, and such

tuition credit is applied toward the tuition charged.

2. Each tuition credit pursuant to this section shall be an amount

equal to the product of the total annual resident undergraduate tuition

rate minus the maximum tuition assistance program award pursuant to

subitem (a) of item one of clause (A) of subparagraph (i) of paragraph a

of subdivision three of section six hundred sixty-seven of this article

then multiplied by an amount equal to the product of the total annual

award for the student pursuant to section six hundred sixty-seven of

this article divided by an amount equal to the maximum amount the

student qualifies to receive pursuant to clause (A) of subparagraph (i)

of paragraph a of subdivision three of section six hundred sixty-seven

of this article.

* NB Repealed July 1, 2027