Program Description Handbook 2018-19

DESCRIPTION:

Unrestricted Aid to Independent Colleges and Universities, known as Bundy Aid, provides unrestricted financial support to independent colleges and universities in New York State.  The Program has the following goals:

• Maximize the total postsecondary educational resources of New York State.
• Promote and foster the diversity of educational options in New York State.
• Provide increased access to these programs by assisting institutions to minimize tuition increases.

AUTHORITY:

Federal Statute:          

Federal Regulation:   

State Statute:             Education Law §6401 

State Regulation:      8 NYCRR 150.1 and 150.2

FUNDING SOURCE(S): 2018-19

State-                           $35.1m

Federal-                        

Special Revenue-         

Total-                           $35.1m