S 10445·NY·senate
Establishes scholarship programs within the New York 529 program
Passed One ChamberFiled May 15, 2026
Sponsor: Michael Gianaris
Latest Action
REFERRED TO HIGHER EDUCATION
Jun 4, 2026
Summary
The bill lets the New York comptroller design and run scholarship and universal 529 programs that fund scholarships for eligible children. It expands the existing 529 tax‑advantaged savings framework to include direct scholarship accounts, using state fees, gifts, bequests, or appropriations. The change aims to increase access to college funding for New York residents.
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