2001 Yellow Book
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NEW YORK STATE HIGHER EDUCATION SERVICES CORPORATION

                                Adjusted       Executive                       
                           Appropriation         Request               Percent 
                              2000-01            2001-02      Change    Change 

AGENCY SUMMARY
  General Fund                 682,955,000    682,541,000     (414,000)   -0.06%
  Special Rev.-Fed.              6,330,000      7,400,000    1,070,000    16.90%
  Special Rev.-Other            89,400,000     90,669,000    1,269,000     1.42%
  Total for AGENCY SUMMARY:    778,685,000    780,610,000    1,925,000     0.25%


STATE OPERATIONS
  General Fund                  10,007,000      9,593,000     (414,000)   -4.14%
  Special Rev.-Fed.              3,930,000      5,000,000    1,070,000    27.23%
  Special Rev.-Other            82,400,000     83,669,000    1,269,000     1.54%
  Total for STATE OPERATIONS:   96,337,000     98,262,000    1,925,000     2.00%

Administration
  General Fund                   5,351,000      5,006,000     (345,000)   -6.45%
  Special Rev.-Other            31,703,000     34,422,000    2,719,000     8.58%
  Total for Program:            37,054,000     39,428,000    2,374,000     6.41%

Guaranteed Loan Programs
  Special Rev.-Fed.              3,930,000      5,000,000    1,070,000    27.23%
  Special Rev.-Other            50,697,000     49,247,000   (1,450,000)   -2.86%
  Total for Program:            54,627,000     54,247,000     (380,000)   -0.70%

Grants and Scholarships
  General Fund                   4,656,000      4,587,000      (69,000)   -1.48%
  Total for Program:             4,656,000      4,587,000      (69,000)   -1.48%

AID TO LOCALITIES
  General Fund                 672,948,000     72,948,000            0     0.00%
  Special Rev.-Fed.              2,400,000      2,400,000            0     0.00%
  Special Rev.-Other             7,000,000      7,000,000            0     0.00%
  Total for AID TO LOCALITIES: 682,348,000    682,348,000            0     0.00%

Scholarships and Fellowships
  General Fund                  21,918,000     21,918,000            0     0.00%
  Special Rev.-Other             7,000,000      7,000,000            0     0.00%
  Total for Program:            28,918,000     28,918,000            0     0.00%

State Grant Programs
  General Fund                 636,400,000    636,400,000            0     0.00%
  Special Rev.-Fed.              2,400,000      2,400,000            0     0.00%
  Total for Program:           638,800,000    638,800,000            0     0.00%

Tuition Awards for 
 Part-Time Students
  General Fund                  14,630,000     14,630,000            0     0.00%
  Total for Program:            14,630,000     14,630,000            0     0.00%



                         ALL FUNDS PERSONNEL
                        BUDGETED FILL LEVELS

                            Current  Requested
Program                     2000-01    2001-02    Change

Administration                  293        293         0
Guaranteed Loan Programs        442        442         0
Grants and Scholarships          95         95         0

Total General Fund :            142        142         0
Total All Other Funds :         688        688         0

TOTAL:                          830        830         0


                               BUDGET HIGHLIGHTS
                         (Executive Budget: pp. 59-64)

The Higher Education Services Corporation administers the State's Tuition 
Assistance Program (TAP), the Federal Family Education Loan Program, and other 
state and federal aid programs.

The Higher Education Services Corporation is included in the Education, Labor 
and Family Assistance bill.

State Operations

The Executive recommends a total State Operations appropriation of $98,262,000 
for the Corporation. This represents a net increase of $1,925,000 or 2 percent. 
This reflects an increase of $1,070,000 in federally supported State Operations,
a $1,269,000 increase in State Operations supported through Special Revenue 
Funds and a decrease in State Operations supported by the General Fund of 
$414,000 or 4.14 percent.
Aid to Localities

The Executive maintains the Aid to Localities appropriation for the Corporation 
at the prior year level of $672,948,000.  The Governor continues support for the 
enhancements to the TAP Program which were enacted as part of the 2000-2001
State Budget.  These include:

  --   increasing the maximum TAP award to $5,000 over a four year period;
  --   phasing out the percentage limitations on TAP awards;
  --   providing college juniors and seniors with an additional increase of
       $100 in their TAP awards; and
  --   increasing the minimum TAP award to $500 and increasing income 
       eligibility to $80,000.

Improvements in the economy and related income growth in SFY 2000-01 result in 
savings of $33,000,000 that offset the cost of the second year of the TAP 
enhancements.

The Executive maintains support for Scholarships for Academic Excellence at the 
prior year level of $14,000,000 for
 the 2001-02 Academic Year.

The Executive maintains funding for the Aid to Part Time Study at the 2000-01 
level of $14,630,000.

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