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Unrestricted Aid to Independent Colleges and Universities (Bundy Aid)

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DESCRIPTION:

Unrestricted Aid to Independent Colleges and Universities, known as Bundy Aid, provides unrestricted financial support to independent colleges and universities in Ë®¹ûÅÉAV½â˵ State.Ìý The Program has the following goals:

  • Maximize the total postsecondary educational resources of Ë®¹ûÅÉAV½â˵ State.
  • Promote and foster the diversity of educational options in Ë®¹ûÅÉAV½â˵ State.
  • Provide increased access to these programs by assisting institutions to minimize tuition increases.

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AUTHORITY:

Federal Statute: ÌýÌýÌýÌýÌýÌý ÌýÌý

Federal Regulation:Ìý Ìý

State Statute: ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý Education Law §6401Ìý

State Regulation: ÌýÌýÌýÌý 8 NYCRR 150.1 and 150.2

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FUNDING SOURCE(S): 2018-19

State-ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý $35.1m

Federal-ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý Ìý

Special Revenue-ÌýÌýÌýÌýÌýÌýÌý Ìý

Total-ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý $35.1m Ìý