Is the Excelsior Scholarship competitive?

Excelsior's eligibility criteria and application process make it hard to access. Urban's analysis shows that a low percentage of eligible students receive the award. Approximately 25 percent of eligible first-year students receive the award, with lower rates for Black, Hispanic, and community college students.

What are the chances of getting the Excelsior Scholarship?

At ten CUNY schools, fewer than 2 percent of enrolled students received funds. At three CUNY community colleges, fewer than 61 students obtained an award. Overall, of the seven community colleges in New York City, just 820 students received an Excelsior Scholarship this year.

What is one criticism of the Excelsior Scholarship?

UNSTABLE BENEFITS. Students who qualify for Excelsior benefits receive a valuable financial aid grant – but an unstable one as well. Students must maintain a pace of 30 credit hours per year and remain on track for an on-time graduation or else permanently lose access to the program.

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.

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.

Excelsior Scholarship - What to know!

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.

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.

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 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.

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)

What is the controversy with Excelsior College?

In the complaint, filed in a federal district court in New York, 17 former students in Excelsior's associate degree program in nursing from 11 different states say the college sold them “ an 'educational' program that was devoid of any education, and ... an 'objective' test, which was anything but objective.” The ...

What is the acceptance rate for Excelsior College?

The Excelsior acceptance rate is 100%. Popular majors include Liberal Arts and Humanities, Nursing, and Business. Excelsior alumni go on to earn a starting salary of $54,700.

How many people use Excelsior Scholarship?

Additionally, only about 25 percent of eligible students take up the Excelsior Scholarship, and only slightly more than half of Excelsior students renew the scholarship for a second year. Among first-year CUNY students, 68 percent of Excelsior dollars flow to students with incomes at or above $70,000.

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.

How many students attend Excelsior College?

The total enrollment at Excelsior College in 2021, both undergraduate and graduate, is 17,166 students. The full-time enrollment at Excelsior College is 0 and the part-time enrollment is 17,166.

Will I lose scholarships if I take a gap year?

Some schools allow gap-year students to defer their financial aid package, including scholarships. Schools may also offer special scholarships or additional financial aid to gap-year applicants.

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 NYU free for New York residents?

President Linda G. Mills has expanded this commitment by announcing the NYU Promise. Starting in Fall 2024, all undergraduates who start as full-time first year students in New York will not have to pay tuition if they have family income under $100,000 and hold typical assets.

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 ny Excelsior Scholarship 2023 24?

In order to complete the 2023-2024 application, you will need to: Complete the 2023-2024 Free Application for Federal Student Aid (FAFSA) and the 2023-2024 Tuition Assistance Program (TAP) Application. Apply for the NYS Excelsior Scholarship via HESC at: www.hesc.ny.gov/excelsior, if you are a New York State resident¹.

How long are classes at Excelsior college?

The Excelsior academic calendar is divided into trimesters. Each trimester is 16-weeks in length and consists of one 15-week term (module) and two consecutive 8-week terms (modules).

What does Excelsior mean in New York State?

The banner shows the State motto--Excelsior--which means "Ever Upward" and E pluribus unum—which means "Out of many one." E pluribus unum was added as part of FY 2021 Enacted Budget.

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.

Are SUNY schools free?

The Excelsior Scholarship allows eligible full-time students to attend a SUNY or CUNY two-year or four-year college tuition-free. The scholarship is administered by the New York State Higher Education Services Corporation.

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.