Science, Technology, Engineering, Math (STEM) Incentive Program
The STEM Incentive Program provides tuition awards to New York State residents who attend a public or private degree-granting college or university located in New York. Recipients must be in the top 10 percent of students of their high school graduating class, must pursue an approved, two- or four-year STEM degree program, and must agree to both live in New York and work in a STEM field in New York for five years after their graduation.
In 2018, the Legislature expanded the STEM Program to allow students attending private, not-for-profit colleges or universities in New York to be eligible for the award.
To learn more about the STEM Program, you can go here.
KEY POINTS
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The STEM Incentive Program provides tuition awards to New York high school students in the top 10 percent of their class who pursue a STEM degree and agree to live and work in New York in a STEM field following graduation.
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Originally reserved only for students who agreed to attend SUNY and CUNY, in 2018 the Governor and the Legislature agreed to expand the program to students at all accredited institutions, recognizing the benefit to New York’s economy of supporting more STEM degrees.
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During the 2018-19 academic year, more than 100 students at Independent institutions received the STEM award.
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In New York today, there are 1.7 STEM jobs for every person looking for work. There are more job openings in the United States for trained scientists than there are people to fill them.
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In 2017-18, Independent Sector colleges and universities awarded 52 percent of the bachelor’s and 75 percent of graduate degrees earned in STEM fields in the state.
NEW YORK STATE BUDGET
2019-20: $300,000 for a second cohort over four years.
2018-19: $1 million for the first cohort over four years.