In New York State, student loan debt outpaces any other consumer debt, and more than half of all household debt comes from student loans.
This creates a serious financial burden for graduates and overall, leads to decreased economic growth: less spending, less car and home ownership, and a lower likelihood of becoming business owners. Undocumented students in particular face significant barriers, as they are barred from receiving any financial assistance from the Tuition Assistance Program (TAP).
New York State’s future depends on tomorrow’s college graduates.
An investment that allows all of our state’s students, including undocumented students, to overcome financial barriers, attend college, and minimize their student loans is one that will pay future dividends many times over.
CORE, along with our 20+ partners, urges New York State Governor Andrew Cuomo and the Legislature to pass College Opportunity and Resource Expansion that increases TAP awards, expands eligibility to include undocumented New York high school graduates, and launches a new zero-interest loan program.
For too long,
tuition costs have burden the future of our students and it is our goal to pass CORE so we can finally close TAP gap and increase college affordability.
1. TAP ACCESS FOR UNDOCUMENTED STUDENTS
Extend TAP access to undocumented youth who:
- Arrived in the US before age 16, and
- Graduated from a New York high school or pass a New York accredited high school equivalency program
2. TAP PROVISION EXPANSION
Increase TAP awards and opportunities by:
- Raising the household income threshold from $80,000 to $125,000;
- Increasing the maximum TAP funding award for full-time students from $5,165 to $6,500 over the next two years with minimum TAP at $1000;
- Changing the Students with Disabilities TAP extension to be 2 years
- Reinstating TAP access for graduate programs
3. CREATE A ZERO-INTEREST “NEW YORK ACHIEVE LOAN PROGRAM”
Utilize New York State funds to create a $50 million “loan fund” for academically qualified college students at no cost