Current through Register Vol. 46, No. 39, September 25, 2024
(a)
Definitions.
For purposes of this section and section
669-e of the
Education Law, the following definitions shall apply:
(1)
Award shall mean a New
York State Science, Technology, Engineering and Mathematics Incentive Program
award pursuant to section 669-e of the New York State Education Law.
(2)
Employment shall mean
continuous employment for at least 35 hours per week in an approved occupation
in the science, technology, engineering or mathematics field, as published on
the corporation's web site, for a public or private entity located in New York
State for five years after the completion of the undergraduate degree program
and, if applicable, a higher degree program or professional licensure degree
program and a grace period as authorized by section
669-e
(4) of the Education Law.
(3)
Grace period shall mean
a six month period following a recipient's date of graduation from a public or
private degree granting institution of higher education and, if applicable, a
higher degree program or professional licensure degree program as authorized by
section
669-e
(4) of the Education Law.
(4)
High school class shall
mean the total number of students eligible to graduate from a high school in
the applicable school year.
(5)
Interruption in undergraduate study or employment 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,
maternity/paternity leave, death of a family member, or military
duty.
(6)
Private degree
granting institution of higher education shall mean any institution of
higher education recognized and approved by the Regents of the State University
of New York which provides a course of study leading to the granting of a
post-secondary degree or diploma except public institutions of higher education
as defined in this subdivision.
(7)
Program shall mean the New York State Science, Technology,
Engineering and Mathematics Incentive Program codified in section
669-e of the
Education Law.
(8)
Public
institution of higher education shall mean the State University of New
York, as defined in subdivision 3 of section
352 of the
Education Law, a community college as defined in subdivision 2 of section
6301 of the
Education Law, or the city university of New York as defined in subdivision 2
of section
6202 of the
Education Law.
(9)
School
year shall mean the period commencing on the first day of July in each
year and ending on the 30th day of June next following.
(10)
Science, technology, engineering
and mathematics programs shall mean those undergraduate degree
programs designated by the corporation on an annual basis and published on the
corporation's web site.
(11)
Successful completion of a term shall mean that at the end of
any academic term, the recipient:
(i) met the
eligibility requirements for the award pursuant to sections
661 and
669-e of the
Education Law;
(ii) completed at
least 12 credit hours or its equivalent in a course(s) of study leading to an
approved undergraduate degree in the field of science, technology, engineering,
or mathematics; and
(iii) possessed
a cumulative grade point average (GPA) of 2.5 as of the date of the
certification by the institution. Notwithstanding, the GPA requirement is
preliminarily waived for the first academic term for programs whose terms are
organized in semesters, and for the first two academic terms for programs whose
terms are organized on a trimester basis. In the event the recipient's
cumulative GPA is less than a 2.5 at the end of his or her first academic year,
the recipient will not be eligible for an award for the second academic term
for programs whose terms are organized in semesters or for the third academic
term for programs whose terms are organized on a trimester basis. In such case,
the award received for the first academic term for programs whose terms are
organized in semesters and for the first two academic terms for programs whose
terms are organized on a trimester basis must be returned to the corporation
and the institution may reconcile the student's account, making allowances for
any other Federal, State, or institutional aid the student is eligible to
receive for such terms unless:
(a) the
recipient's GPA in his or her first academic term for programs whose terms are
organized in semesters was a 2.5 or above; or
(b) the recipient's GPA in his or her first
two academic terms for programs whose terms are organized on a trimester basis
was a 2.5 or above, in which case the institution may retain the award received
and only reconcile the student's account for the second academic term for
programs whose terms are organized in semesters or for the third academic term
for programs whose terms are organized on a trimester basis. The corporation
shall issue a guidance document, which will be published on its
website.
(b)
Eligibility.
In addition to the requirements of Education Law, section
669-e, recipients must satisfy the general eligibility requirements provided in
Education Law, section 661. An applicant must apply and be selected for this
program for the fall term immediately following his or her high school
graduation.
(c)
Class
rank or placement.
As a condition of an applicant's eligibility, the
applicant's high school shall provide the corporation:
(1) official documentation or other
certification showing that the applicant is in the top 10 percent of his or her
graduating high school class; and
(2) any additional information the
corporation deems necessary to determine that the applicant has graduated
within the top 10 percent of his or her high school class.
(d)
Recipient selection.
If there are more applicants attending private degree
granting institutions of higher education than available funds, the following
provisions shall apply:
(1) First
priority shall be given to eligible applicants who have received payment of an
award pursuant to this section in a prior year, including payment for
attendance at a public institution of higher education, and are currently in
attendance at a private degree granting institution of higher education. If
there are more applicants than available funds, recipients shall be chosen by
lottery.
(2) Second priority shall
be given to eligible applicants who are matriculated in an approved
undergraduate program in science, technology, engineering or mathematics for
the first time. If there are more applicants than available funds, recipients
shall be chosen by lottery.
(e)
Administration.
(1) Applicants for an award shall:
(i) apply for program eligibility on forms
and in a manner prescribed by the corporation. The corporation may require
applicants to provide additional documentation evidencing eligibility;
and
(ii) submit applications for
program eligibility to the corporation on or before the date prescribed by the
corporation for the applicable academic year. Notwithstanding any other rule or
regulation to the contrary, such applications shall be received by the
corporation no later than August 15th of the applicant's year of graduation
from high school.
(2)
Recipients of an award shall:
(i) execute a
service contract prescribed by the corporation;
(ii) apply for payment annually on forms
specified by the corporation;
(iii)
be enrolled in an approved undergraduate degree program in science, technology,
engineering, or mathematics;
(iv)
receive such awards for not more than four academic years of full-time
undergraduate study or five academic years if the program of study normally
requires five years, as defined by the commissioner pursuant to article 13 of
the Education Law, excluding any allowable interruption(s) of study;
and
(v) confirm employment in an
approved occupation each year on forms or in a manner prescribed by the
corporation.
(f)
Amounts.
(1) The amount of the award shall be
determined in accordance with section
669-e of the
Education Law.
(2) Disbursements
shall be made each term to institutions, on behalf of recipients, within a
reasonable time upon successful completion of the term subject to the
verification and certification by the institution of the recipient's GPA and
other eligibility requirements.
(3)
Awards shall be applied to any remaining tuition after the application of all
other educational grants and scholarships limited to tuition, as authorized by
section
669-e of the
Education Law.
(g)
Failure to comply.
(1) All award
monies received shall be converted to a 10-year student loan plus interest for
recipients who fail to meet the statutory, regulatory, contractual,
administrative or other requirement of this program.
(2) The interest rate for the life of the
loan shall be fixed and equal to that published annually by the U.S. Department
of Education for undergraduate unsubsidized Stafford loans at the time the
recipient signed the service contract with the corporation.
(3) Interest shall begin to accrue on the day
each award payment is disbursed to the institution.
(4) Interest shall be capitalized on the day
the award recipient violates any term of the service contract or the date the
corporation deems the recipient was no longer able or willing to perform the
terms of the service contract. Interest on this amount shall be calculated
using simple interest.
(5) Where a
recipient has demonstrated extreme hardship as a result of a total and
permanent disability, labor market conditions, or other such circumstances, or
is working in an approved occupation, the corporation may, in its discretion,
postpone converting the award to a student loan, temporarily suspend repayment
of the amount owed, prorate the amount owed commensurate with service
completed, discharge the amount owed, or such other appropriate action. Where a
recipient has demonstrated in-school status, the corporation shall temporarily
suspend repayment of the amount owed for the period of in-school
status.