Statement from CICU Interim President Dr. Drew Bogner on Historic Investment Higher Education in FY 2021-2022 Budget

News Date: 4/7/2021

Statement from CICU Interim President Dr. Drew Bogner on Historic Investment Higher Education in FY 2021-2022 Budget

“On behalf of the nearly 500,000 students who attend private, not-for-profit colleges and universities in New York, the Commission on Independent Colleges and Universities (CICU) applauds the state’s historic investment in higher education and students in the 2021-22 New York State Budget. The Tuition Assistance Program (TAP), the centerpiece of New York’s student aid program, has finally been updated to meet students’ financial needs after decades of disinvestment. CICU is proud to have been a leader in this advocacy, working alongside students, families, and other advocates for years to strengthen student aid. We thank the legislators from across the state, especially Higher Education Chairs Assemblymember Deborah Glick and Senator Toby Ann Stavisky, who made sure that students were prioritized. Bringing the maximum TAP award to $5,665 will help the hundreds of thousands of New Yorkers who rely on TAP pay for college. Increased funding for opportunity programs will help thousands of low-income New Yorkers earn a college degree. Opportunity programs are transformational for the students enrolled in them, their families and communities. The restoration of Bundy Aid will support students through financial aid and academic programming, helping more students earn their degrees.

“Investing in student aid strengthens New York State’s economy and will help our state recover and rebuild from the COVID-19 pandemic. With less than 5 percent of the state’s higher education funding, private colleges educate 40 percent of the students enrolled in colleges and universities in our state and confer 60 percent of all the bachelor’s and graduate degrees awarded. Private colleges have faced losses of more than $3.2 billion as a result of the pandemic and students and their families continue to struggle. The funding included in this year’s budget will provide help to those who need it most. This investment is more than just student aid. This budget will develop New York’s workforce pipeline, support local jobs and economies, and empower students to achieve their degrees. We thank the Legislature and Governor Cuomo for affirming their commitment and delivering for New York students and their families.”