2023 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-D - New York State Math and Science Teaching Incentive Program.

§  669-d.  New York state math and science teaching incentive program.
  1.  Eligibility. Notwithstanding subdivision five of section six hundred
  sixty-one of this part, undergraduate and/or graduate students  who  are
  matriculated  in an approved undergraduate or graduate program at degree
  granting institutions leading to a career as a math or  science  teacher
  in  secondary  education  shall  be  eligible  for  an  award under this
  section,  provided  the  applicant:  (a)  signs  a  contract  with   the
  corporation  agreeing to teach in the classroom on a full-time basis for
  five years in the field of math or science in a  school  located  within
  New  York state providing secondary education recognized by the board of
  regents or the university of the state of New  York;  and  (b)  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  made  to  new  recipients
  annually.  Such  awards shall be made to recipients after the successful
  completion of each academic year, as defined by the corporation.
3. An award shall entitle the recipient to  annual  payments  for  not
  more  than  four academic years of full-time undergraduate study and one
  academic year of full-time graduate study leading to certification as  a
  classroom teacher in mathematics or science.
4.  Recipients  shall  receive  an  annual  payment for the successful
  completion of an academic year, equal to the annual tuition  charged  to
  state  resident students attending an undergraduate program full-time at
  the state university of New York, or actual tuition  charged,  whichever
  is less.
5.  The corporation shall convert to a student loan the full amount of
  the award given 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 the field of math or
  science in a school located within New York  state  providing  secondary
  education  recognized  by  the board of regents or the university of the
  state of New York; or (b) a recipient has not taught  in  the  field  of
  math  or  science  in  a  school located within New York state providing
  secondary education recognized by the board of regents or the university
  of the state of  New  York  for  five  of  the  seven  years  after  the
  completion  of  the degree program and receipt of initial certification;
  or (c) a recipient fails to complete their  degree  program  or  changes
  majors to an undergraduate degree program other than in science or math;
  or  (d)  a  recipient  fails  to  receive  or  maintain  their  teaching
  certificate or license in New York state; 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 undergraduate or
  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
  necessary for the implementation of  the  provisions  of  this  section,
  including  the  criteria  for  the  provision of awards on a competitive
  basis and the rate of interest charged  for  repayment  of  the  student
  loan.