NYS Budget

Find below some 2019 NYS budget proposals*

  • Create/establish NYS licensing standards for student loan servicers; an estimated 28 million borrowers live in New York and are serviced by 30 student loan companies.
  • Create/establish through the For-Profit College Accountability Act oversight of for-profit schools
  • Mandatory regular reporting to the state on funding sources. Limit school funding to 80 percent of its funding from taxpayers, currently ED caps schools’ taxpayer funding at 90 percent.
  • Mandatory regular reporting to the state on expenditures. Each school would be required to spend at least 50 percent of its budget on instruction and learning.
  • Mandatory reporting on salaries and bonuses for school presidents and senior leadership.
  • A prohibition on school leaders serving on boards for accreditation agencies to which they apply.

*from to the 2019 NYS ‘budget book’

 

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About gathard

Jim Gathard is the owner and principal of National Consulting Services, LLC a New York based consulting firm providing advisory in strategic planning, risk management, and organization management to financial services and higher education organizations Mr. Gathard has expertise and senior executive experience in private sector financial services, legislative and government relations, and higher education management. He has held senior business executive positions at JPMorgan Chase and Bank of America. Prior to his private sector experience Mr. Gathard has nearly twenty years in higher education administration as Deputy Provost/Executive Vice President, Vice President for Student Services and Compliance, Dean of Enrollment Management and Director of Student Financial Services. National Consulting Services, LLC clients include a broad spectrum of publically traded and private financial services firms and not for profit and for-profit organizations including colleges and universities. In the higher education space Mr. Gathard’s primary focus is the student segment including the student financial services, access and enrollment, institutional compliance and; financial literacy and debt management. Mr. Gathard serves on and is advisor to numerous industry and community related boards. Mr. Gathard has been a NYSFAAA member for more than 30 years.

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