2010-11 TAP Grant Award Funding Announced

The 2010-2011 New York State Budget has been enacted; Tuition Assistance Program award amounts will be posted to student accounts by August 20. Below are changes to TAP, as enacted by the State budget:

TAP Award Determination Changes

• All annual TAP awards are reduced by $75;
• Private pension and annuity amounts excluded from New York State income tax are to be included in the calculation of income used for determining TAP award eligibility;
• The maximum award for students, other than a student who is in a nursing program, on Schedules D and E attending degree-granting or registered not-for-profit business schools qualified for tax exemption under section 501(c)(3) of the internal revenue code for federal income tax purposes that offer only 2 year programs is $4,000 or the actual tuition charged, whichever is less;
• A new award schedule with a maximum New York income less than $40,000 and a maximum award of the lesser of $3,025 or the actual tuition charged is established for independent students who are married with no tax dependents;
• TAP awards are not available to graduate students; and
• Students in default on any state or federal student loan are not eligible for TAP or any other New York State financial aid program.