"New York's 529 College Savings Program does not currently align with Federal law which has been amended twice in the last five years. My legislation confirms New York statutes to the federal laws. As a result, it will be easier for students and their families to save for college and ultimately pay off student loans."
"This change aligns New York's law with federal tax laws governing qualified educational expenses from 529 accounts. This will make it easier for people to save for their children's college by expanding the eligible uses for remaining funds."
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