How long do you have to work in NY after 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.

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

Recipients must live and work, if employed, in New York State for the same number of years that the Excelsior Scholarship was received. Failure to meet this requirement will result in the value of the award being converted to a zero-interest loan.

What happens if you move out of New York Excelsior Scholarship?

The post-award residency requirement begins when you are no longer receiving an award. You will have up to six months after your last award payment has made before you must live in NYS to fulfill the residency requirement. In addition, if you are working during those years, you must work in New York State.

What are the post award obligations for Excelsior Scholarship?

You must live in New York State for the number of years equal to awards you received. For example, if you received four Excelsior Scholarship awards while getting your bachelor's degree, you must live in New York State for four years after college.

What is the income limit for NYS Excelsior Scholarship?

The program covers tuition for eligible SUNY and CUNY students. For the 2024-25 academic year, families who earned $125,000 or less in the tax year 2022 are eligible to apply.

NEW 2024-2025 FAFSA Walkthrough | Step-by-step tutorial

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.

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

A: If you fail to complete 30 credits over a 365-day period, the Excelsior Scholarship will cover your first term; however, you will be responsible for the tuition liability for your second term.

Why am I ineligible for Excelsior Scholarship?

Students must be enrolled full-time (12 credits) and earn thirty (30) credits per year toward their major, including summer and winter terms, in order to receive the Excelsior Scholarship. Students facing hardship are able to take fewer credits.

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.

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)

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.

How does the NYS Excelsior Scholarship work?

A recipient of an Excelsior Scholarship is eligible to receive award payments for not more than two years of full-time undergraduate study in a program leading to an associate's degree or four years of full-time undergraduate study, or five years if the program of study normally requires five years, in a program ...

Do Excelsior College credits transfer?

You can save on tuition and finish your program sooner by transferring more credits from past coursework and college-level exams. Many students come to Excelsior specifically because of its generous transfer credit policies.

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.

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.

What is considered a full-time student at Excelsior College?

Undergraduate-Level Programs

Excelsior schedules three trimesters in an academic year: fall, spring, and summer. At Excelsior the standard academic year is two of the University's 16-week Trimesters. Full-time status for each trimester at the undergraduate level must have a minimum of 12 credit hours.

What happens to the leftover money from scholarships?

If you've received scholarship funds that are greater than your cost of tuition and fees, oftentimes your college or university will send you a refund for the leftover money. Depending upon the terms of your scholarship, you can use these funds for another education-related expense.

How do I withdraw from Excelsior college?

Students who wish to withdraw from the University should either use the online withdrawal request form located in the MyExcelsior portal or send a signed request to the Office of The Registrar.

How do I withdraw from Excelsior University?

Students seeking to withdraw from a course must log into MyExcelsior, click on My Courses, select Cancel, Add/Drop and Withdraw, and follow the prompts. There will be no refund of tuition/fees upon withdrawal.

Does Excelsior Scholarship cover room and board?

The Excelsior Scholarship covers tuition only. You would be responsible for college fees and other costs such as room and board.

Is NYS Excelsior Scholarship taxable?

Since Excelsior only pays for tuition, the scholarship should not be taxable. A recipient of an Excelsior Scholarship may receive up to $5,500.

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.

Will I lose my scholarship if I fail a semester?

When it comes to scholarships, they may be merit-based, or contingent on your grades and academic achievement. Therefore, if you fail, you could lose the scholarship, or even worse, have to pay back any money that has already been issued.

Do you lose scholarships if you fail?

To maintain your eligibility for financial aid, you must meet specific academic requirements throughout your time in school. If you fail classes or need to complete more credits, you may lose your scholarships, grants or loans.

What is a passing grade at Excelsior college?

Excelsior University has a basic definition of good academic standing which applies to all enrolled students. This definition requires students to maintain at least a 2.0 grade point average on a 4.0 scale to be considered in good academic standing.