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-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.