How long does Excelsior scholarship take to process?

Students must complete an application for the Excelsior Scholarship. Students cannot submit the application until after their FAFSA and NYS applications are processed. Please allow 7-10 days for the FAFSA and NYS to process before completing the Excelsior application.

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.

How many Excelsior scholarships have been awarded?

The Excelsior Scholarship program awarded 20,086 scholarships in 2017-18, 3.2 percent of the 633,543 undergraduate students in New York. Just 20.7 percent of all scholarship recipients statewide are enrolled at CUNY, even though CUNY students make up 38 percent of all undergraduate enrollment in the state.

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Will there be an Excelsior Scholarship 2020?

Download the 2020-21 Excelsior Scholarship Handout.

The Excelsior Scholarship applies to tuition only and does not cover the other costs of college. To learn more about other college expenses such as fees, room and board, textbooks, and more, visit our Tuition and Fees page.

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.

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.

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 do I get Excelsior scholarship?

In order to complete the application, you will need to: Complete the 2020-2021 Free Application for Federal Student Aid (FAFSA) and the 2020-2021 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.

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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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.

When should I apply for Excelsior scholarship?

Application is now available through February 11, 2021.

Is the Excelsior scholarship for private schools?

The ETA program is the private school counterpart to Cuomo’s Excelsior Scholarship program that offers free tuition to students attending the state’s public colleges and universities. … Only students who live in the state are eligible to apply.

When did 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.

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.

How much does Excelsior cover per semester?

How is your Excelsior Award Calculated? The Excelsior Scholarship amount is based upon the full time SUNY tuition rate in 2016/2017 ($3,235/semester). The goal of the Excelsior Scholarship is to cover up to $5,500 of tuition charges AFTER all other grants and scholarships have paid toward this charge.

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How do I check my tap status?

Once you are on the HESC website, create a HESC-specific user name and personal identification number called a HescPIN. You will use your HescPIN to “sign” your TAP application and access your HESC account information in the future. After you apply, check your TAP status by logging into your HESC account.

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