Best answer: How does the Excelsior scholarship work?

The Excelsior Scholarship provides tuition awards to eligible students attending New York State’s public colleges and universities (SUNY and CUNY). This scholarship, in combination with other student financial aid programs, allows students to attend a SUNY college tuition-free.

How much does the Excelsior scholarship cover?

An Excelsior Scholarship recipient can receive up to $5,500 from the Excelsior Scholarship, minus any amounts received for TAP, Pell, New York City Merit Scholarship or other scholarships. The remainder of your tuition charge will be covered through a tuition credit paid through CUNY.

How do you qualify for Excelsior scholarship?

Spring 2021

  1. be a resident of NYS and have resided in NYS for 12 continuous months prior to the beginning of the term;
  2. be a U.S. citizen or eligible non-citizen;

Does Excelsior cover full tuition?

The Excelsior Scholarship will cover the full-time resident tuition charged by SUNY ($6,470) or CUNY ($6,330) or the actual tuition charged, whichever is less.

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How long does the Excelsior scholarship take to process?

Application Process

Please allow 7-10 days for the FAFSA and NYS to process before completing the Excelsior application. Students should plan accordingly to ensure the Excelsior deadline is met.

Is there a GPA requirement for Excelsior scholarship?

Do I need a certain grade point average to get or to keep the Excelsior Scholarship? Award recipients need to earn a minimum of a 2.0 GPA to maintain their Excelsior Scholarship award provided they earn 30 credits over the course of a year.

Do I have to pay back the Excelsior scholarship?

After graduation, you must live and be employed (if working) in New York State for the number of years you received the scholarship. If you do not meet the residency requirement, it becomes a no-interest loan which you will then be required to pay back.

Does everyone get the Excelsior scholarship?

The Excelsior Scholarship is not free college.

In fact, 66 percent attend tuition-free, covered by Pell Grants and Tuition Assistance Program grants, while nearly half come from families with household incomes of less than $30,000, making them eligible to receive “full” financial aid.

Can I still apply for Excelsior scholarship?

The Excelsior Scholarship application period for the spring 2021 term only is now open through February 11, 2021.

How do I apply for Pell Grant 2020?

How do I apply? You should start by submitting a Free Application for Federal Student Aid (FAFSA®) form. You will have to fill out the FAFSA form every year you’re in school in order to stay eligible for federal student aid.

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How do you qualify for free tuition in New York?

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. The new program begins in the fall of 2017 and will be phased in over three years.

Can you go to college for free if your parent is disabled?

Administered by the Department of Education, the National Center for Parents with Disabilities provides pell grants for students with disabled parents. … To be eligible for financial aid for students with disabled parents provided by the center, the applicant must be a student at high school or college.

Do I have to apply for Excelsior scholarship every year?

2.2 Returning Excelsior Scholarship Recipients Returning Excelsior Scholarship Recipients are not required to complete the Excelsior Scholarship application in any subsequent year, even if they have received a $0 award in any previous year.

How long does it take to hear back from a scholarship?

Merit scholarship results are typically announced one month after the scholarship deadline. Deadlines can be found on each scholarship webpage. Need-based awards are announced on a rolling basis once your FAST financial aid application is complete.

Is the Excelsior scholarship taxable?

It is regressive.

But in contrast to those programs, the net value of the Excelsior Scholarship increases with the gross income of the recipient’s tax-filing household—regardless of family size, living expenses, or marital status—before abruptly dropping to zero once income tops $125,000.

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