Establishes the New York reinvests in student educational supports program; repealer

Summary

Establishes the New York reinvests in student educational supports program to provide eligible students with access to responsible, affordable educational loans to supplement available federal student aid and assist with the cost of attendance and available financial assistance; defines terms; makes related provisions; repeals the New York higher education loan program.

Summary from NY Open Legislation. How we handle summaries

Amends the Education Law.

Purpose, from the sponsor's memo

To establish the New York Reinvests in Student Educational Supports (NY RISES) Program, a state-facilitated student loan program, to provide eligible graduate and professional students attending qualifying New York institutions with access to affordable educational financing when available federal aid is insufficient to cover the cost of attendance.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Where it stands

Assigned to a committee for review.

Education · New York State Assembly

Also referred to Education · New York State Senate, Higher Education · New York State Assembly, Higher Education · New York State Senate.

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Cosponsors

Full history

1. Jun 1, 2026

   Referred to committee

   REFERRED TO HIGHER EDUCATION

   NY Assembly

2. May 26, 2026

   Reference Changed to Higher Education

   REFERENCE CHANGED TO HIGHER EDUCATION

   NY Senate

3. May 26, 2026

   Referred to committee

   REFERRED TO EDUCATION

   NY Senate

Read the record

• Read on NY Senate (opens in a new tab) The official record on nysenate.gov.