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 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:      8NYCRR Part 50

 

FUNDING SOURCE(S):

State-                           100%

Federal-                      

Special Revenue-       

Total-                           $35,129,000

 

NUMBER OF INDIVIDUALS SERVED: 106 independent colleges