Student Financial Aid

  • The Tuition Assistance Program (TAP) is funded at $1.074 billion, a decrease of approximately $22 million from last year’s enacted budget.
  • The Educational Opportunity Program (EOP) is funded at $26.8 million, a decrease of $5.4 million from last year’s enacted budget.
  • The Science and Technology Entry Program (STEP) is funded at $13.2 million, a decrease of $2.6 million from last year’s enacted budget.
  • The Collegiate Science and Technology Entry Program (C-STEP) is funded at $10 million, a decrease of $2 million from last year’s enacted budget.
  • The Liberty Partnership Program (LPP) is funded at $15.3 million, a decrease of $3 million from last year’s enacted budget.

(All of the cuts above, with the exception for TAP, were made to the respective increases by the Legislature from last year.)

  • The Executive Budget includes sweeping protections for student loan borrowers. A new statute will ensure that no student loan servicer can mislead a borrower or engage in any predatory act or practice, misapply payments, provide credit reporting agencies with inaccurate information, or any other practices that may harm borrowers.

The Executive Budget again supports the implementation of the DREAM Act which would make students without lawful immigration status eligible for the Excelsior Scholarship, the Tuition Assistance Program (TAP), the Enhanced Tuition Award and other State financial assistance programs offered to college students who are residents of New York State.