Sec. 2400.1. General purposes

The purposes of the corporation are:

(a) to improve postsecondary educational opportunities of eligible students through centralized administration of New York State financial aid and loan programs; and

(b) to coordinate the State's administrative effort in student financial aid and loan programs with those of other levels of government; and

(c) to award tuition assistance program awards to undergraduate students attending educational institutions in accordance with paragraphs b and b-1 of subdivision 4 of section 661 of the Education Law and the provisions of this Chapter. Students who are enrolled in a program registered by the commissioner pursuant to Part 52 of this Title shall not be eligible for awards under this Chapter unless such program is ineligible for tuition assistance program awards under the regulations of the commissioner. The regulations contained in Chapter XX and Subpart 145-2 of this Title shall not apply to the tuition assistance program described in this Chapter except as otherwise provided.