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 4 - Other Awards › 679-G - New York State Get on Your Feet Loan Forgiveness Program.

§  679-g. New York state get on your feet loan forgiveness program. 1.
  Purpose. The president shall grant student loan forgiveness  awards  for
  the  purpose  of alleviating the burden of federal student loan debt for
  recent New York state college graduates.
2. Eligibility. To be eligible for an award pursuant to this  section,
  an applicant shall: (a) have graduated from a high school located in New
  York  state  or  attended an approved New York state program for a state
  high  school  equivalency  diploma  and  received   such   high   school
  equivalency  diploma;  (b)  have graduated and obtained an undergraduate
  degree from a college or university with its headquarters located in New
  York state in or after the two thousand fourteen--fifteen academic year;
  (c) apply for this program within two years of  obtaining  such  degree;
  (d)  be  a  participant  in a federal income-driven repayment plan whose
  payment amount is generally ten percent  of  discretionary  income;  (e)
  have  income  of  less  than  fifty  thousand  dollars;  (f) comply with
  subdivisions three and five of section six  hundred  sixty-one  of  this
  part;  and (g) work in New York state, if employed. For purposes of this
  program, "income" shall be  the  total  adjusted  gross  income  of  the
  applicant and the applicant's spouse, if applicable.
3.  Awards.  An  applicant  whose  annual  income  is  less than fifty
  thousand dollars shall be eligible to receive  an  award  equal  to  one
  hundred  percent  of  his or her monthly federal income-driven repayment
  plan payments for twenty-four months  of  repayment  under  the  federal
  program.   Provided, however, that the awards granted under this section
  shall be deferred for a recipient who has been granted  a  deferment  or
  forbearance   under  the  federal  income-driven  repayment  plan.  Upon
  completion of such deferment or forbearance period, such recipient shall
  be eligible to receive an award for the remaining time period under this
  subdivision. A recipient who is not a resident of New York state at  the
  time  any payment is made under this program shall be required to refund
  such payments to the state.  The  corporation  shall  be  authorized  to
  recover   such   payments  in  accordance  with  rules  and  regulations
  promulgated by the corporation.  A  student  who  is  delinquent  or  in
  default  on  a  student  loan made under any statutory New York state or
  federal education loan program or has failed to comply with the terms of
  a service condition imposed by an award made pursuant to this article or
  has failed to repay an award shall be ineligible  to  receive  an  award
  under this program until such delinquency, default or failure is cured.
4.  Rules and regulations. The corporation is authorized to promulgate
  rules  and  regulations,  and  may  promulgate   emergency   regulations
  necessary for the implementation of the provisions of this section.