NY Educ L § 669-F (2021)
2021 New York Laws EDN - Education Title 1 - General Provisions Article 14 - New York State Higher Education Services Corporation Part 2 - Student Financial Aid Sub Part 2 - General Awards 669-F - New York State Masters-in-Education Teacher Incentive Scholarship Program.

§   669-f.  New  York  state  masters-in-education  teacher  incentive   scholarship program. 1. Eligibility. Students who are matriculated in an   approved master's degree in education program at a New York state public   institution of higher education leading to a  career  as  a  teacher  in   public  elementary or secondary education shall be eligible for an award   under this section, provided the applicant: (a) earned an  undergraduate   degree  from  a  college  located  in New York state; (b) was a New York   state resident while earning such  undergraduate  degree;  (c)  achieved   academic  excellence  as  an  undergraduate  student,  as defined by the   corporation in regulation; (d) enrolls in full-time study in an approved   master's degree  in  education  program  at  a  New  York  state  public   institution  of  higher  education  leading  to a career as a teacher in   public elementary or secondary education; (e) signs a contract with  the   corporation  agreeing  to  teach  in  a classroom setting on a full-time   basis for five years in a school located within New York state providing   public elementary or secondary education  recognized  by  the  board  of   regents  or  the  university of the state of New York, including charter   schools authorized pursuant to article fifty-six of  this  chapter;  and   (f)  complies  with  the  applicable  provisions of this article and all   requirements promulgated by the corporation for  the  administration  of   the program.2.  Within  amounts  appropriated therefor, awards shall be granted to   applicants that the corporation has certified are  eligible  to  receive   such  awards. Up to five hundred awards may be granted to new recipients   annually. Such awards shall be granted  upon  successful  completion  of   each term, as defined by the corporation.3.  An  award  shall  entitle the recipient to annual payments for not   more than two academic years of  full-time  graduate  study  leading  to   certification as an elementary or secondary classroom teacher.4.  The  corporation shall grant such awards in an amount equal to the   annual tuition charged to state resident students attending  a  graduate   program full-time at the state university of New York, or actual tuition   charged,  whichever  is  less;  provided,  however,  (i)  a  student who   receives educational grants and/or scholarships that cover the student's   full cost of attendance shall not be eligible for an  award  under  this   program;  (ii)  for  a  student  who  receives educational grants and/or   scholarships that cover less than the student's full cost of attendance,   such grants and/or scholarships shall not be deemed duplicative of  this   program  and  may be held concurrently with an award under this program,   provided that the combined benefits do not  exceed  the  student's  full   cost  of  attendance;  and  (iii)  an  award under this program shall be   applied to tuition after the application of all other educational grants   and scholarships limited to tuition and shall be reduced  in  an  amount   equal  to such educational grants and/or scholarships. Upon notification   of an award under this program, the institution shall defer  the  amount   of  tuition  equal  to  the  award.  No  award  shall be final until the   recipient's successful completion of a term has been  certified  by  the   institution.  A  recipient  of  an award under this program shall not be   eligible for an award under the New York state math and science teaching   incentive program.5. The corporation shall convert to a student loan the full amount  of   the  award granted pursuant to this section, plus interest, according to   a schedule to be determined by the corporation if: (a) two  years  after   the   completion   of   the   degree  program  and  receipt  of  initial   certification it is found that a recipient is not teaching in  a  public   school  located  within New York state providing elementary or secondary   education recognized by the board of regents or the  university  of  the   state  of  New  York,  including  charter schools authorized pursuant to    article fifty-six of this chapter; (b) a recipient has not taught  in  a   public  school  located  within  New  York state providing elementary or   secondary education recognized by the board of regents or the university   of  the state of New York, including charter schools authorized pursuant   to article fifty-six of this chapter, for five of the seven years  after   the  completion  of  the  graduate degree program and receipt of initial   certification; (c) a recipient fails to complete  his  or  her  graduate   degree  program  in  education;  (d)  a  recipient  fails  to receive or   maintain his or her teaching certificate or license in  New  York  state   for the required period; or (e) a recipient fails to respond to requests   by the corporation for the status of his or her academic or professional   progress. The terms and conditions of this subdivision shall be deferred   for  any  interruption in graduate study or employment as established by   the rules and regulations of the corporation. Any obligation  to  comply   with such provisions as outlined in this section shall be cancelled upon   the  death  of  the  recipient.  Notwithstanding  any provisions of this   subdivision to the contrary, the corporation is authorized to promulgate   rules and regulations to provide for the waiver  or  suspension  of  any   financial obligation which would involve extreme hardship.6.  The corporation is authorized to promulgate rules and regulations,   and  may   promulgate   emergency   regulations,   necessary   for   the   implementation  of  the  provisions  of  this section including, but not   limited to, the criteria for the provision of awards  on  a  competitive   basis,  and  the  rate  of interest charged for repayment of the student   loan.