Students at the top of their high school classes who plan to major in a field related to the STEM subjects (Science, Technology, Engineering and Math) would receive free tuition to any State University of New York or City University of New York institution, as long as they remain in the state for five years after graduation to pursue their careers, according to a proposal in Gov. Andrew M. Cuomo’s executive budget, presented Tuesday.
The $8 million budget line is intended to help reverse the “brain drain” of the “best and brightest.”
The $110 million proposed for Phase III to continue NYSUNY 2020 and NYCUNY 2020 would be divided equally between the two systems, with priority given to plans that use technology – including more online instruction – to improve students’ success while in school and when finding jobs.
The money also would support START-UP NY, the state incubator program started in 2013 that creates “tax-free zones” on and near campuses for new businesses that affiliate with public and private colleges and universities.