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 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.
Is tap and financial aid the same thing?
Pell and TAP are both grant money that you don’t need to pay back. Pell is grant money from the Federal government and TAP is a grant from New York State. Because the money comes from different legislative bodies, there are different rules for each form of aid.
Is tap only for SUNY schools?
The New York State Tuition Assistance Program (TAP) helps eligible New York residents pay tuition at approved schools in New York State. … TAP is also available for students attending a SUNY, CUNY and not-for-profit independent degree-granting college on a part-time basis.
What is the income limit for Excelsior scholarship?
Income A recipient must have a combined federal adjusted gross income of $100,000 or less for the 2017-18 academic year, $110,000 or less for the 2018-19 academic year, and $125,000 or less for academic years 2019-20 and thereafter.
Who qualifies for Excelsior scholarship?
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 (as filed on your 2016 federal tax returns) does not exceed $110,000 and you complete thirty …
How long does Excelsior scholarship take to 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.
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.
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.
How many semesters does tap cover?
You will be limited to 6 semesters of TAP even if you change majors or transfer to another community college. When you enroll in a 4 year college program at a senior college, you will become eligible for an additional 2 full-time semesters of TAP bringing your undergraduate total to 8 semesters.
Do I need to apply for tap every year?
I received TAP last year, do I have to apply again? Yes, you must reapply for TAP every year in addition to the Free Application for Federal Student Aid (FAFSA).
Is tap a loan?
TAP is one of the grants, scholarships and awards programs administered by the New York State Higher Education Services Corporation (HESC). See if your school is approved for TAP here. An annual TAP award can be up to $5,165. TAP is a grant – it doesn’t have to be paid back.
How many years can you receive tap?
TAP is actually based on a point system. You are allowed: a maximum of 48 points for four years of full time undergraduate study or eight years of part time undergraduate study. a maximum of 60 points if you are enrolled in an approved five year undergraduate program.
How do I accept my TAP award?
To receive TAP, I must complete a separate application with New York State Higher Education Services Corporation (NYSHESC). NYSHESC will determine actual TAP awards and send me a separate award notice. Award amounts may change based on information sent to the College from NYS HESC.
How long does tap take to process?
The processing of a TAP application may take three to five weeks. During certain times of the academic year processing times for “Requests for Information” and “Change Forms” may vary depending on additional review needed for income verification or residency review.