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ERIC Number: ED214454
Record Type: Non-Journal
Publication Date: 1981-Dec
Pages: 24
Abstractor: N/A
Reference Count: N/A
New York State Bundy Aid Program, 1969-1981. A Historical Report on New York State Colleges and Universities Receiving State Aid under Section 6401 of the Education Law.
New York State Education Dept., Albany. Cultural Education Center.
Information on New York colleges and universities that receive state aid under Section 640l of the Education Law during 1969-1981 is presented. The Aid to Certain Non-Public Colleges and Universities, popularly known as Bundy Aid, is a program that provides direct unrestricted financial support to private postsecondary institutions in New York State. In 1969-70 academic year a total of $25.5 million was distributed to 57 institutions, while in 1980-81, the number of participating institutions had grown to 89 and the annual disbursement had grown to $92.4 million. Two-year institutions did not begin to participate until 1973-74. The formula used to determine the annual entitlement of the participating institutions is based on the earned degree conferred. The payment rate is $450 for each associate's degree, $l,200 for each bachelor's degree, $900 for each master's degree, and $4,500 for each doctoral degree. The annual entitlement is not a reimbursement for degrees conferred since the funds must be used for on-going educational programs. Expanded financial aid to students is a common use. During the period 1975-76 through 1980-81, about one-third of the total Bundy Program payments have gone annually to the institutions classified as multiversities, the major research universities. The university and the college complex classification have each received about one-fifth of the total payments during the same period. Fund distribution by year and by type of institution, including specialized college, college, health science center, engineering and technical schools, and two-year institutions, is indicated. (SW)
New York State Education Department, University of the State of New York, Cultural Education Center, Albany, NY 12230.
Publication Type: Reports - Descriptive; Numerical/Quantitative Data
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: New York State Education Dept., Albany. Cultural Education Center.
Identifiers - Location: New York