Frequent question: Is the Excelsior scholarship guaranteed?

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.

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.

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.

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.

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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;

Is Excelsior scholarship the same as tap?

TAP ELIGIBILITY

You do not have to receive a TAP award to be eligible to receive an Excelsior Scholarship. However, a student who does receive a TAP award will have their Excelsior Scholarship reduced by the amount of their TAP award.

How do you know if you get the Excelsior scholarship?

A student who transferred between colleges is eligible for an Excelsior Scholarship provided they do not have a break in enrollment and are on track to complete their Associate’s degree in 2 years or their Bachelor’s degree in 4 years based on the number of credits accepted by their current 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.

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.

Is college free in NY?

We’ve made college tuition-free for middle class New Yorkers. … 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.

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Is Excelsior College a good school?

Even though my degree program was online, the coursework was rigorous and I felt like it prepared me for a real-world career. Overall, I enjoyed my experience with Excelsior College and I would recommend it to other busy adults or college students looking for an affordable alternative to earning a degree.”

Does the Excelsior scholarship cover private schools?

Andrew Cuomo, Excelsior is a last-dollar program. It fills in the gap at state institutions after all other financial assistance is accounted for, including federal Pell grants and the state’s own Tuition Assistance Program, both of which supplement the cost at public and private schools.

How much is the Excelsior scholarship?

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

What is a 2.0 GPA?

A 2.0 GPA means that you have a solid C average across all of your classes. This GPA is essentially the unofficial cut off point for how low your GPA can be in order to get into college. … You have a low chance of getting into with a 2.0 GPA.

Is there an age limit for the Excelsior scholarship?

There is no age limit for students interested in the scholarship. Q. How does the Excelsior Scholarship impact Berkeley College students?

All benefits