Enacts the "fair college admissions act"; prohibits legacy admissions policies at colleges and universities in New York; declares such policies and practices to be discriminatory and inequitable.

The 'Fair College Admissions Act' aims to end legacy admissions policies in New York's colleges and universities. Legacy admissions give preference to applicants who are relatives of alumni, which this bill declares as unfair and discriminatory. By prohibiting these practices, the bill seeks to promote a more equitable admissions process.

Supporters of the 'Fair College Admissions Act' argue that eliminating legacy admissions will create a level playing field for all students, regardless of their family background. They believe this legislation will help diversify college campuses and ensure that admissions are based on merit and potential rather than family connections.

Critics of the 'Fair College Admissions Act' contend that legacy admissions can help maintain tradition and community ties within institutions. They argue that the bill could undermine the autonomy of colleges to make their own admissions decisions and may have unintended consequences on alumni support and funding.