“New York’s Association of Proprietary Colleges (APC) calls on the New York State Legislature to prioritize financial assistance for low income students rather than providing debt assistance to graduates. There are several proposals in the budget that would make significant strides toward helping low-income and underrepresented students attend college and obtain a degree more affordably. Among these initiatives are:

  • Increase the minimum TAP award from $500 to $1,000 and/or the maximum TAP award from $5,665 to $6,000 annually.
  • Increase the maximum net taxable income (NTI) threshold to receive a TAP award from $80,000 to $110,000 annually.
  • Expanding TAP to all part-time students and eliminating the burdens to accessing that funding.

No one questions the burden of student loans; however, the Federal Government is the provider of those loans and already working on plans to help. New York State should be focused on using its resources to make college more affordable, which is another way to reduce the burden of college debt. Additionally, providing funds to New York Students, attending New York colleges will help alleviate the workforce skills gap issues affecting New York State employers.  

On behalf of the 26,000 students across New York State who attend APC member colleges, please focus on student aid before focusing on student debt relief.

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