BILL NUMBER: S9458
SPONSOR: RAMOS
 
TITLE OF BILL:
An act to amend the education law, in relation to creating the child
care professionals loan forgiveness incentive program
 
PURPOSE:
This bill seeks to create a Regents child care professional's loan
forgiveness program to encourage individuals to work in the child care
field.
 
SUMMARY OF PROVISIONS:
Section 1: Amends 605 of the education law by adding a new subdivision
13 that creates the NYS child care professional's loan forgiveness
incentive program. The program will award regents loan forgiveness
awards to applicants who agree to engage in employment as child care
professionals.
Section 2: effective date
 
JUSTIFICATION:
Currently, licensed day care facilities are losing employees because
they cannot afford a competitive salary to those individuals who are
entering the field. Individuals graduating from college who would like
to enter the daycare profession are discouraged from doing so because
they will not earn a high enough salary so as to pay back the loans that
they have incurred in college. This legislation would encourage quali-
fied college graduates to seek a job in a licensed or registered day
care facility by alleviating their concerns about paying back large
loans.
 
FISCAL IMPACT:
To be determined.
 
EFFECTIVE DATE:
This act shall take effect immediately

Statutes affected:
S9458: 605 education law