Senate BillPassed first houseEDN
S 3738: Requires the higher education services corporation to make a determination of financial eligibility of a student for financial aid, awards and loans within 60 days from the day of the receipt of the financial aid application; where the higher education services corporation fails to make a timely determination the applicant shall be deemed eligible for such aid for the semester for which the application was made; allows for a 30-day extension if notice is given to the educational institution within the initial 60-day period.
What S 3738 does, verified January 9, 2026
The bill aims to improve the process of financial aid determinations for students in New York. It requires the corporation to make a decision on financial aid eligibility within sixty days of receiving a completed application. If the corporation fails to make a decision within this timeframe, the student is automatically deemed eligible for financial aid. However, the corporation may obtain an additional thirty-day extension with prior written notice to the institution. The bill takes effect one year after its enactment.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: REFERRED TO HIGHER EDUCATION (2026-01-07)Alert me
Author and sponsors
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| Jan. 07, 2026 | REFERRED TO HIGHER EDUCATION |
| Jan. 07, 2026 | returned to senate |
| Jan. 07, 2026 | died in assembly |
| Feb. 11, 2025 | DELIVERED TO ASSEMBLY |
| Feb. 11, 2025 | PASSED SENATE |
Latest bill textIntroduced version, January 29, 2025 · 303 words
STATE OF NEW YORK ________________________________________________________________________ 3738 2025-2026 Regular Sessions IN SENATE January 29, 2025 ___________ Introduced by Sen. STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Higher Education AN ACT to amend the education law, in relation to general and academic performance awards, student loans and tuition assistance program awards The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 665 of the education law is amended by adding a new 2 subdivision 8 to read as follows: 3 8. Timeliness of financial aid determinations. Notwithstanding any 4 other provision of law, the corporation shall make its determination of 5 financial aid eligibility within sixty days from the day of the receipt 6 of the completed financial aid application from the student. In the 7 event that such financial aid determination is not made by the corpo- 8 ration within sixty days after receipt of the completed financial aid 9 application from the student, such student shall be deemed eligible to 10 receive financial aid for the semester for which the completed financial 11 aid application is made; provided, however, that the corporation may 12 obtain an additional thirty day extension to make its eligibility deter- 13 mination upon written notification to the institution within sixty days 14 that additional time is necessary to examine and review the completed 15 financial aid application of such student. 16 § 2. This act shall take effect on the first of July in the second 17 year next succeeding the year in which it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD07676-01-5
Text of S 3738 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions