New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter III - SUPERINTENDENT'S REGULATIONS
Subchapter B - NON-BANKING ORGANIZATIONS
Part 421 - Financial Aid Award Information Sheet
Section 421.3 - Content and Delivery of Financial Aid Award Information Sheet
Current through Register Vol. 46, No. 12, March 20, 2024
(a) In responding to an incoming or prospective undergraduate student's financial aid application, a college, vocational institution or other institution that offers an approved program as defined in section 601 of the Education Law shall provide a Financial Aid Award Information Sheet. The Financial Aid Award Information Sheet shall be delivered in the same manner in which the school responds to a financial aid award application.
(b) The Financial Aid Award Information Sheet shall be in the form available at www.dfs.ny.gov/studentprotection. Colleges, vocational institutions or other institutions that offer an approved program as defined in section 601 of the Education Law may make reasonable changes to the language or design of the Financial Aid Award Information Sheet if necessary to more accurately reflect a student's cost of education or financial aid award, provided that the information in the Financial Aid Award In- formation Sheet is of such size, color, and contrast and is so presented as to be readily noticed, read and understood by the recipient.
(c) For purposes of the Financial Aid Award Information Sheet, the term "Campus" shall mean an institution affiliated with a single U.S. Department of Education Office of Postsecondary Education Identification code.
