How does the NYS Excelsior Scholarship work?

The Excelsior Scholarship covers any remaining tuition expenses up to $5,500. In instances where tuition expenses exceed the total financial aid a recipient is awarded, a tuition credit will be applied to the remaining balance. **Note: Any award payment received may have tax implications.

Who qualifies for NY Excelsior Scholarship?

You may be eligible for the Excelsior Scholarship, if you are an undergraduate who is a U.S. citizen or eligible noncitizen and reside in New York State for one year prior to enrollment and whose family's adjusted gross income does not exceed $125,000 (in the tax year 2021) and you complete thirty (30) credits per year ...

How long do you have to stay in NY with the Excelsior Scholarship?

To be a NYS resident for purposes of receiving this award, applicants who consider NYS their permanent home and who are either a U.S. citizen, qualified paroled refugee, or permanent resident alien must have resided in New York State for 12 continuous months prior to the term for which the award is being sought.

How many people get nys Excelsior Scholarship?

Thanks to New York State's generous higher education funding programs, in 2021-22, more than 263,000 students received state financial aid, including approximately 30,000 students who attended a SUNY or CUNY college tuition-free because of the Excelsior Scholarship.

What is the acceptance rate for the Excelsior Scholarship?

ALBANY — A study released Friday showed that 32 percent of those who applied for the new Excelsior Scholarship last year were admitted to the program, put forth by Gov. Andrew Cuomo as a "free tuition" initiative for students from low-income households.

How does the NYS Excelsior Scholarship work?

What happens if you fail a class with the Excelsior Scholarship?

Excelsior Scholarships cannot be used for summer or winter session tuition costs. Students who fail to complete 30 credits within 365 days will receive the first payment (typically fall), however, they will forfeit the second payment (typically spring), and all future payments.

How long does it take to hear from Excelsior Scholarship?

Q: When will I be notified of my actual Excelsior award? Award amounts should become available in August and are released on a rolling basis. Students will be notified as their awards become available as well as any necessary aid adjustments.

Is Excelsior Scholarship only for SUNY schools?

Applications Accepted Through February 2, 2024

The Excelsior Scholarship, in combination with other student financial aid, allows eligible full-time students to attend a SUNY or CUNY two-year or four-year college tuition-free.

Do New York residents get free college?

Leading the Way to College Affordability

Under this groundbreaking program, more than 940,000 middle-class families and individuals making up to $125,000 per year will qualify to attend college tuition-free at all CUNY and SUNY two- and four-year colleges in New York State.

What is the income limit for free college in NY?

In AY 2021, the Excelsior Scholarship income eligibility threshold will increase to $135,000 and fully phase in to $150,000 in AY 2022. By increasing this threshold, more than 230,000 New York residents will attend SUNY or CUNY tuition free. The Budget includes $146 million to support this landmark program.

Do you have to stay in New York after Excelsior Scholarship?

The Excelsior Scholarship requires recipients, upon graduation, to live and, if employed, work in New York State for as many years as the aid was received. Failure to do so could trigger the grant converting to a loan.

Do you have to stay in NY for Excelsior Scholarship?

If you do not earn 30 credit hours each year you will lose the Excelsior Scholarship and may not be able to reinstate it. After graduation, you must live and be employed (if working) in New York State for the number of years you received the scholarship.

What college expenses does the Excelsior Scholarship cover specifically?

The Excelsior Scholarship covers any remaining tuition expenses up to $5,500. In instances where tuition expenses exceed the total financial aid a recipient is awarded, a tuition credit will be applied to the remaining balance.

Who qualifies for free college in NY?

Enroll at a 2-year or 4-year CUNY or SUNY college. Be pursuing an associate's or bachelor's degree. Attend school full time. Earn $125,000 or less (household federal adjusted gross income)

Is Excelsior college accredited?

Excelsior University is an accredited, not-for-profit distance learning institution founded in 1971 focused on providing educational opportunity to adult learners.

How much does Excelsior Scholarship cover reddit?

excelsior only covers tuition so you will never get extra money if you have the scholarship. you'll actually still be on the hook for student fees if you get the scholarship. also, since fin aid covers everything they will not give you the scholarship, because you don't need it.

How long do you have to live in NY to get in state tuition?

Students enrolled at University campuses are considered New York State residents if they have established their domicile in New York State one year immediately preceding the date of registration at the respective campus.

How long do you have to live in New York to be a resident?

You are a New York State resident if your domicile is New York State OR: you maintain a permanent place of abode in New York State for substantially all of the taxable year; and. you spend 184 days or more in New York State during the taxable year.

Do parents have to pay for college in NY?

While New York recognizes the importance of college education, it does not mandate parents to pay for it. The court considers various factors to determine whether to allocate college expenses as part of child support, and the amount is typically based on the parent's financial resources and the child's circumstances.

Does Excelsior cover NYU?

The Excelsior Scholarship & NYS Dream Act, in combination with other student financial aid programs, allows students to attend a SUNY or CUNY college tuition-free. The program covers tuition for eligible SUNY and CUNY students.

Is Cornell part of the Excelsior Scholarship?

The New York State Excelsior Scholarship is available to eligible undergraduate New York residents who complete a New York State Excelsior Scholarship application each year, have New York State taxable family income up to $125,000 per year, and attend a Cornell NYS Contract College.

Is Excelsior a college or university?

Excelsior College became Excelsior University on August 1, 2022.

Can you get a refund from Excelsior Scholarship?

Excelsior Refund Request

Students needing a refund based on the Excelsior Scholarship and or Excelsior Tuition Credit estimates must request the refund using the Refund Request-Excelsior form. The Excelsior scholarship eligibility requirements may be found online at NYS Higher Education Services Corporation.

What is full-time at Excelsior college?

Full-time status for each trimester at the undergraduate level must have a minimum of 12 credit hours. Three-quarter time would then be defined at 9 credit hours, half-time status as 6 credit hours, and less than half-time status as less than 6 credit hours over the same period of instruction (one 16-week trimester).