What is ny Excelsior Scholarship 2023 24?

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.

Who is eligible for the Excelsior Scholarship in NY?

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 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.

Excelsior Scholarship - What to know!

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 NY 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. What about credits earned in high school?

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 GPA do you need for SUNY Excelsior Scholarship?

Students are strongly encouraged to consult academic and financial aid advisors before withdrawing from classes, changing majors, or enrolling in courses that are not applicable to their degree. There is no specific GPA requirement for Excelsior, however students must remain in good academic standing.

What is the income limit 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.

Who qualifies for free college in NY?

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.

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 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.

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.

Is CUNY free now?

Kathy Hochul today announced that the application for the Excelsior Scholarship for new applicants for the 2023-2024 academic year is now open here. The Excelsior Scholarship allows eligible full-time students to attend a CUNY or SUNY two-year or four-year college tuition-free.

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.

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.

When did the Excelsior Scholarship start?

On April 11, 2017, New York became the first American state to make four-year public colleges tuition-free for those under an earnings threshold.

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.

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.

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.

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.

How to get free SUNY application?