How much is the NYS Excelsior Scholarship?

The maximum annual Excelsior Scholarship is $5,500, however a tuition credit will be awarded to cover any gap between the maximum Excelsior Scholarship and the cost of annual tuition. Award cannot be applied to non-tuition costs, such as room and board.

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.

Do you have to pay back NYS Excelsior Scholarship?

The Excelsior Scholarship awards which you receive will convert to a zero-interest loan. What is the repayment term if my Excelsior award reverts to a loan? The Excelsior Scholarship will convert to a 10-year loan. Loans can be repaid early without penalty.

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 is the GPA for Excelsior Scholarship?

There is not a GPA requirement for students to be eligible for the Excelsior Scholarship provided they earn thirty (30) credits over the course of a year, however students will need to maintain a GPA that allows for the successful completion of their degree.

100% Scholarships for International Students at NYU | Road to Success Ep. 16

What are the cons of the Excelsior Scholarship?

Excelsior has become the leading example of a post-graduation residency restriction in a free college program because it requires students to live and work exclusively in New York for as many years as they receive the award.

How long do you have to stay 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.

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.

Who qualifies for free college in NY?

Be pursuing an associate's or bachelor's degree. Attend school full time. Earn $125,000 or less (household federal adjusted gross income) Complete the Free Application for Federal Student Aid (FAFSA) and the Tuition Assistance Program (TAP) application.

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.

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 ...

Does Excelsior pay for study abroad?

Financial aid such as Pell grants, TAP awards, the Excelsior Scholarship, and subsidized loans may be applied to approved study abroad experiences that award credit and that last for at least one semester.

Who funds Excelsior Scholarship?

The New York State Excelsior Scholarship is a state funded scholarship program designed to support full-time undergraduate students from working and middle income households who are on track for on-time degree completion. The Excelsior Scholarship is administered by Higher Education Services Corporation (HESC).

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.

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.

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).

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.

Who qualifies for financial aid in NY?

Be New York State residents and either United States citizens or qualifying non-citizens. Not have used up Tuition Assistance Program (TAP) eligibility. Maintain good academic standing. Not be in default on any Federal or State student loan or on any repayment of state awards.

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 the passing grade for 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.

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.

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.

When did the Excelsior Scholarship close?

Students currently receiving an Excelsior Scholarship do not need to complete this application to receive continued award payments. Students eligible for the Excelsior Scholarship under the Senator José Peralta New York State DREAM Act can apply here. Applications will be accepted through August 31, 2023.

Is City University of New York free for international students?

The average annual tuition fee for international undergraduate degree seekers is approximately $620 per credit, and $320 per credit for international graduates. The College University of New York offers varied programs, including liberal arts, sciences, engineering, business, education, law, and medicine.