On February 14, 2017 a group of over 80 NYU students and staff will participate in the New York State Student Aid Alliance Advocacy Day to talk to New York State legislators about the importance of financial aid programs. The annual trip is especially important this year as the Executive Budget proposes initiatives that will impact private institutions and our students. If you are unable to join the trip, you can still lend your voice to support critical New York State financial aid programs.
FY 2018 Executive Budget Proposal
Governor Cuomo has proposed three initiatives in his budget this year that will impact private institutions and their students, including NYU. These proposals:
- Would not allow eligible NY students to use their Tuition Assistance Program (TAP) awards at colleges or universities that have increased tuition and mandatory fees by an amount that exceeds the three-year average of the Higher Education Price Index (currently 2.3%) or $500, whichever is greater.
- Denies "Bundy" Aid to institution that fails to keep tuition increases in line with the metrics mentioned above. While Bundy Aid is directly given to private institutions, NYU an dother schools these funds for financial aid.
- Creates a new Excelsior Scholarship program for eligible New York residents who enroll full time only at a SUNY or CUNY institution and does not allow the value of this scholarship to be applied to a private institution.
While NYU applauds the Governor for his willingness to tackle higher education affordability - a topic NYU has made a priority - we believe students should be able to take their state financial aid awards to the institution of their choice, one that best fits their academic potential.
Learn more about the FY 2018 Executive Budget Proposals & NY State Financial Aid Programs.
Lend Your Voice
If you are a recipient of New York State financial aid programs, or a faculty or staff member, and are concerned about the Governor's proposals, contact your State Senator and local Assemblymember to voice your opinion.
About NYU Albany Day
Each year, a delegation of NYU students travel to Albany to advocate for financial aid programs, sharing their personal stories with New York's most powerful decision-makers. Many students who join the trip are recipients of state-funded aid through programs such as the Tuition Assistance Program (TAP) or the Higher Education Opportunity Program (HEOP).