2016 New York Laws
EDN - Education
Title 1 - GENERAL PROVISIONS
Article 14 - NEW YORK STATE HIGHER EDUCATION SERVICES CORPORATION
Part 1 - (651 - 660) CORPORATE STRUCTURE
655 - Powers and duties of the president.

  655.    Powers  and duties of the president.   In administering the
  provisions of this article,  the  president  shall  have  the  following
  powers and duties:
1.  To administer the student financial aid programs specified in this
  article.
2.   To receive from the commissioner the list of academic performance
  award recipients in order of merit and  to  notify  such  recipients  of
  their  status  as  part of their application for other general awards or
  loans.
3.  To lend money and guarantee loans upon such terms  and  conditions
  as  the  board  may  prescribe in accordance with the provisions of this
  article.
4.  To propose rules and regulations, subject to approval by the board
  of trustees, governing the following:
a.  Application for and the granting and administration of student aid
  and loan programs, the repayment of loans or the guarantee of loans made
  by the corporation; and administrative functions in support of state and
  federal student aid programs.
b.   Other matters relating to  the  activities  of  the  corporation,
  including  but  not limited to the limitation, suspension or termination
  of approval of aid, loan, or loan guarantee  applications  for  students
  attending  or  planning  to  attend  colleges or vocational institutions
  whenever the board of regents has determined  that  such  a  college  or
  vocational   institution   no   longer   meets   minimum   certification
  requirements or the board of trustees has determined, after  notice  and
  affording  an  opportunity  for hearing, that such college or vocational
  institution  has  violated  or  failed  to  carry  out  any   regulation
  prescribed  under  this  article  or  adopted  by  the board of trustees
  pursuant to the powers granted in this article.
c.   Procedures to  be  followed  for  submission  of  information  by
  colleges  or  vocational institutions as may be necessary to provide for
  any administrative function by such institutions  participating  in  any
  federal  or  state student aid programs, including applications therefor
  and repayment thereof, except that  obligations  of  colleges  shall  be
  limited to the following requirements:
(i) those required by the federal student aid programs;
(ii)  periodic  reports  on  the  status  of  student borrowers at the
  particular college;
(iii) interviews or  other  appropriate  communications  with  student
  borrowers  at the time an application for a loan is certified or as soon
  thereafter  as  feasible  emphasizing  the  importance   of   the   loan
  obligation;
(iv)  interviews  or  other  appropriate  communications  with student
  borrowers who are graduating  or  are  known  to  be  terminating  their
  enrollment emphasizing the importance of the loan obligation;
(v)    providing  the  corporation,  upon request, with the last known
  addresses of borrowers who have graduated or otherwise left the  college
  and  who  are  in  default, including any change of address known to the
  college after such request;
(vi) certification of student loans as frequently as is advisable  and
  feasible,  and  as  lenders  will  process them (on an annual, semester,
  quarterly or other  academic  period  basis),  with  such  certification
  limited to those educational expenses approved under the federal student
  aid programs;
(vii)  cooperation  in  whatever way is feasible and appropriate under
  institutional regulations in advising defaulting borrowers of their loan
  obligations.

5.  To establish, revise from time to time, charge and collect fees as
  the  corporation  shall  determine,  consistent  with   the   applicable
  provisions of the New York state and federal student aid programs.
6.    To  prepare  and make available explanatory pamphlets concerning
  state aid and loan programs.
7.   To  establish  a  comprehensive  collection  of  information  and
  materials  relative  to  public  and private sources of higher education
  financial assistance available to students and to the characteristics of
  the students who are the recipients of such assistance.
8.   To conduct financial aid  program  reviews  of  a  post-secondary
  institution's  procedures and records with respect to:  certification to
  the corporation of eligible students for purposes of tuition  assistance
  program and New York state sponsored student aid programs; compliance of
  financial  aid  programs  with  the  provisions  of this article and the
  relevant portion of the regulations of the commissioner; disbursement of
  tuition assistance program and  other  awards;    and  the  capacity  of
  institutions  to  administer  New  York  state and federal financial aid
  programs.
9. To request  and  receive  from  any  department,  division,  board,
  bureau,  commission  or  agency  of the state or any subdivision thereof
  such assistance and data as it deems necessary to properly carry out its
  powers, duties and functions.
10.  To develop for the board of trustees a proposed  budget  for  the
  following state fiscal year in such form as the board may require and in
  accordance with the provisions of section six hundred fifty-three.
11.    To  appoint such officers, employees and agents, as he may deem
  necessary, prescribe their duties, fix their  compensation  and  provide
  for reimbursement of their expenses within amounts available therefor by
  appropriation;  subject, however, to the provisions of the civil service
  law, which shall apply to the corporation in the same manner as such law
  applies to a municipal corporation other than a city.
12.  To perform such other acts as may be necessary or appropriate  to
  carry   out   effectively  the  general  objects  and  purposes  of  the
  corporation, as specified in this article.