N.Y. Comp. Codes R. & Regs. tit. 8 § 2201.20

Current through Register Vol. 46, No. 42, October 16, 2024

Section 2201.20 - The New York State Teacher Loan Forgiveness Program

(a) Definitions. As used in Education Law, section 667-c-1 and this section, the following terms shall have the following meanings:

(1) "Good academic standing" shall mean having a minimum cumulative grade point average of 2.0.

(2) "Interruption of study" shall mean a temporary period of leave for a definitive length of time due to circumstances as determined by the corporation, including, but not limited to, death of a family member, medical leave, military service, service in the Peace Corps or parental leave.

(3) "Program" shall mean the New York State Part-time Scholarship (PTS) Award Program codified in Education Law, section 667-c-1.

(b) Eligibility. An applicant must satisfy the requirements of Education Law, section 667-c-1 and the general eligibility requirements provided in Education Law, section 661.

(c) Administration.

(1) Applicants for an award shall apply for program eligibility at such times, on forms and in a manner prescribed by the corporation. The corporation may require applicants to provide additional documentation evidencing eligibility.

(2) For purposes of determining priority, financial need shall be established based on the federal expected family contribution reflected on the applicant's federal student aid report, with the lowest expected family contribution evidencing the greatest financial need.

(3) Recipients of an award shall:

(i) request payment annually at such times, on forms and in a manner specified by the corporation;

(ii) provide any information necessary for the corporation to determine compliance with the program's requirements.

(4) The corporation shall maintain data relating to the performance of award recipients including, but not limited to, degree completion rates. All such data shall be deemed confidential and the corporation shall only disclose aggregate data unless otherwise required by law.

(d) Awards.

(1) The amount of the award shall be determined in accordance with section 667-c-1 of the education law.

(2) A recipient of an award must remain in good academic standing, as defined in this section, and remain continuously enrolled (excluding summer and winter terms) to be eligible for payment of future awards, excluding any allowable interruption of study.

(3) Disbursements shall be made each term to institutions, on behalf of recipients, within a reasonable time after verification and certification by the institution of the recipient's grade point average and other eligibility requirements.

N.Y. Comp. Codes R. & Regs. Tit. 8 § 2201.20

Adopted New York State Register August 14, 2019/Volume XLI, Issue 33, eff. 8/14/2019