NY Educ L § 669-G (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-G - The New York State Achievement and Investment in Merit Scholarship (Ny-Aims).

§  669-g.  The  New  York  state  achievement  and investment in merit scholarship (NY-AIMS). 1. Purpose. The New York  state  achievement  and investment  in merit scholarship (NY-AIMS) is hereby established for the purpose of granting merit based scholarship awards  to  New  York  state high school graduates who achieve academic excellence.   2. Eligibility. To be eligible for such awards, an applicant must have graduated  from  a  New  York state high school, enrolled in an approved undergraduate program of  study  in  a  New  York  state  post-secondary institution  beginning in the two thousand fifteen--two thousand sixteen academic year or thereafter, and achieved at least two of the  following during high school:   a. graduated with a grade point average of 3.3 or above;   b.  graduated  with  a  "with  honors" distinction on a New York state regents diploma or received a score of  3  or  higher  on  two  or  more advanced placement examinations; or   c.  graduated  within  the  top  fifteen  percent of their high school class, provided that actual class rank may be taken into consideration.   3. Priority. a. Such awards shall be made to  eligible  applicants  in the following priority:  (i)  first,  to  applicants  who  have  received  payment  of an award pursuant to this section in a prior year and  remain  in  good  academic standing; and  (ii) second, to applicants in descending order based on the unmet need to  reach  the full cost of attendance as indicated on the financial aid award letter.   However, in the program's first  year,  first  priority  shall  be  in accordance with subparagraph (ii) of this paragraph.   b.  In  the  event  that  there  are more applicants who have the same priority than there are  remaining  scholarships,  the  president  shall distribute  the  remaining  number  of  such  scholarships by means of a lottery or other form of random selection.   c. In each year, the awards made shall be proportionate to  the  total applications  received  for students accepted for undergraduate study at public and private not-for-profit degree granting institutions.   4. Awards. Within amounts appropriated therefor, the  president  shall grant  an  annual  award  to  eligible applicants on a competitive basis pursuant to subdivisions two and three of this section in the amount  of five   hundred  dollars  for  not  more  than  four  academic  years  of undergraduate study, or five academic years, if  the  program  of  study normally  requires five years as defined by the commissioner pursuant to article thirteen of this chapter. Up to  five  thousand  awards  may  be granted to new recipients annually.   5.  Offset.  Such  awards  may be used to offset the applicant's total cost of attendance determined for federal Title IV student financial aid purposes.   6. Rules. The  corporation  is  authorized  to  promulgate  rules  and regulations, and may promulgate emergency regulations, necessary for the implementation of the provisions of this section.