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What is the acceptance rate for the Excelsior Scholarship?

ALBANY — A study released Friday showed that 32 percent of those who applied for the new Excelsior Scholarship last year were admitted to the program, put forth by Gov. Andrew Cuomo as a "free tuition" initiative for students from low-income households.
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What are the chances of getting the Excelsior Scholarship?

At ten CUNY schools, fewer than 2 percent of enrolled students received funds. At three CUNY community colleges, fewer than 61 students obtained an award. Overall, of the seven community colleges in New York City, just 820 students received an Excelsior Scholarship this year.
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How many people get nys Excelsior Scholarship?

Though 31% of eligible students at CUNY's four-year colleges received the scholarship, only 8% of those students at the system's community colleges did. The report did not examine scholarship recipients outside of CUNY, meaning those in the State University of New York system.
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How long does it take to hear from Excelsior Scholarship?

Q: When will I be notified of my actual Excelsior award? Award amounts should become available in August and are released on a rolling basis. Students will be notified as their awards become available as well as any necessary aid adjustments.
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What are the cons of the Excelsior Scholarship?

UNSTABLE BENEFITS. Students who qualify for Excelsior benefits receive a valuable financial aid grant – but an unstable one as well. Students must maintain a pace of 30 credit hours per year and remain on track for an on-time graduation or else permanently lose access to the program.
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Excelsior Scholarship - What to know!

Is the Excelsior Scholarship competitive?

Excelsior's eligibility criteria and application process make it hard to access. Urban's analysis shows that a low percentage of eligible students receive the award. Approximately 25 percent of eligible first-year students receive the award, with lower rates for Black, Hispanic, and community college students.
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What happens if you fail a class with the Excelsior Scholarship?

Excelsior Scholarships cannot be used for summer or winter session tuition costs. Students who fail to complete 30 credits within 365 days will receive the first payment (typically fall), however, they will forfeit the second payment (typically spring), and all future payments.
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Do you have to stay in NY for Excelsior Scholarship?

If you do not earn 30 credit hours each year you will lose the Excelsior Scholarship and may not be able to reinstate it. After graduation, you must live and be employed (if working) in New York State for the number of years you received the scholarship.
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How long do you have to stay in NY with the Excelsior Scholarship?

To be a NYS resident for purposes of receiving this award, applicants who consider NYS their permanent home and who are either a U.S. citizen, qualified paroled refugee, or permanent resident alien must have resided in New York State for 12 continuous months prior to the term for which the award is being sought.
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Who qualifies for free college in NY?

Enroll at a 2-year or 4-year CUNY or SUNY college. Be pursuing an associate's or bachelor's degree. Attend school full time. Earn $125,000 or less (household federal adjusted gross income)
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Do New York residents get free college?

Leading the Way to College Affordability

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 Scholarship only for SUNY schools?

Applications Accepted Through February 2, 2024

The Excelsior Scholarship, in combination with other student financial aid, allows eligible full-time students to attend a SUNY or CUNY two-year or four-year college tuition-free.
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Is Excelsior College accredited?

Excelsior University is an accredited, not-for-profit distance learning institution founded in 1971 focused on providing educational opportunity to adult learners.
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Why am I ineligible for Excelsior Scholarship?

Students must be enrolled full-time (12 credits) and earn thirty (30) credits per year toward their major, including summer and winter terms, in order to receive the Excelsior Scholarship. Students facing hardship are able to take fewer credits.
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Who funds Excelsior Scholarship?

The New York State Excelsior Scholarship is a state funded scholarship program designed to support full-time undergraduate students from working and middle income households who are on track for on-time degree completion. The Excelsior Scholarship is administered by Higher Education Services Corporation (HESC).
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Will I lose scholarships if I take a gap year?

Some schools allow gap-year students to defer their financial aid package, including scholarships. Schools may also offer special scholarships or additional financial aid to gap-year applicants.
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What is ny Excelsior Scholarship 2023 24?

In order to complete the 2023-2024 application, you will need to: Complete the 2023-2024 Free Application for Federal Student Aid (FAFSA) and the 2023-2024 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.
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What does Excelsior mean in New York State?

The banner shows the State motto--Excelsior--which means "Ever Upward" and E pluribus unum—which means "Out of many one." E pluribus unum was added as part of FY 2021 Enacted Budget.
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What is considered a full time student at Excelsior college?

Undergraduate-Level Programs

Excelsior schedules three trimesters in an academic year: fall, spring, and summer. At Excelsior the standard academic year is two of the University's 16-week Trimesters. Full-time status for each trimester at the undergraduate level must have a minimum of 12 credit hours.
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How much does Excelsior Scholarship cover reddit?

excelsior only covers tuition so you will never get extra money if you have the scholarship. you'll actually still be on the hook for student fees if you get the scholarship. also, since fin aid covers everything they will not give you the scholarship, because you don't need it.
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What does CUNY stand for?

The City University of New York (CUNY, spoken /ˈkjuːni/, KYOO-nee) is the public university system of New York City.
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What happens if I drop below 12 credit hours?

What happens if you: Drop below full time status (less than 12 credits per term): Pell Grant: If you drop below full time status before the end of the add/drop period, the amount will be pro-rated. You will receive 3/4 of the award amount for 9-11 credits, or 1/2 of the award for 6-8 credits.
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Can you get a refund from Excelsior Scholarship?

Excelsior Refund Request

Students needing a refund based on the Excelsior Scholarship and or Excelsior Tuition Credit estimates must request the refund using the Refund Request-Excelsior form. The Excelsior scholarship eligibility requirements may be found online at NYS Higher Education Services Corporation.
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Do you lose scholarships if you fail?

To maintain your eligibility for financial aid, you must meet specific academic requirements throughout your time in school. If you fail classes or need to complete more credits, you may lose your scholarships, grants or loans.
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