You asked: 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.

Can I cancel the Excelsior scholarship?

3 Declining an Excelsior Scholarship Award An Excelsior Scholarship applicant may withdraw their application prior to being offered an award or decline the award offer as part of the Excelsior Scholarship Contract process.

Who pays for the Excelsior scholarship?

As the scholarship only covers tuition, students bear the additional cost of fees and room and board, which can cost up to $14,000 annually.

What happens if you fail a class with the Excelsior scholarship?

If you fail to complete 30 credits over a 365-day period, the Excelsior Scholarship will cover your first term; however, you will be responsible for the tuition liability for your second term. … A student who fails to complete 30 credits in any year is ineligible for any future payments under the Program.

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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.

What GPA is required 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 apply for the Excelsior scholarship every semester?

Payment. To receive award payments after the initial application year, an Excelsior Scholarship recipient must annually complete the Free Application for Federal Student Aid (FAFSA) and the NYS Student Aid Payment Application each 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.

How long does Excelsior scholarship take to process?

Application Process

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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 the Excelsior scholarship cover full tuition?

After those forms of aid are applied, the Excelsior Scholarship will cover the remaining cost of tuition. … The Excelsior Scholarship covers tuition only. You would be responsible for college fees and other costs such as room and board.

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.

Is College in NY free?

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.

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.

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.”

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