$5,500 Excelsior Scholarship for Resident of New York State 2019

Filed in USA Scholarships by on November 7, 2018 0 Comments

Apply for the ongoing $5,500 Excelsior Scholarship for Resident of New York State 2019. See the requirements, how to apply and closing date here.

New York State’s Excelsior Scholarship program provides certain residents with free tuition for full-time study at its state universities: State University of New York (SUNY) and City University of New York (CUNY). 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.

The Excelsior Scholarship, in combination with other student financial aid programs, allows students to attend a SUNY or CUNY college tuition-free.

Eligibility for Excelsior Scholarship

An applicant must:

  • be a resident of NYS and have resided in NYS for 12 continuous months prior to the beginning of the term;
  • be a U.S. citizen or eligible non-citizen;
  • have either graduated from high school in the United States, earned a high school equivalency diploma, or passed a federally approved “Ability to Benefit” test, as defined by the Commissioner of the State Education Department;
  • have a combined federal adjusted gross income of $110,000 or less;
  • be pursuing an undergraduate degree at a SUNY or CUNY college, including community colleges and the statutory colleges at Cornell University and Alfred University;
  • be enrolled in at least 12 credits per term and complete at least 30 credits each year (successively), applicable toward his or her degree program;
  • if attended college prior to the 2018-19 academic year, have earned at least 30 credits each year (successively), applicable toward his or her degree program prior to applying for an Excelsior Scholarship;
  • be in a non-default status on a student loan made under any NYS or federal education loan program or on the repayment of any NYS award;
  • be in compliance with the terms of the service condition(s) imposed by a NYS award that you have previously received; and
  • execute a Contract agreeing to reside in NYS for the length of time the award was received, and, if employed during such time, be employed in NYS.

Award Amount*

A recipient of an Excelsior Scholarship may receive up to $5,500.

To determine the award amount, the 2016-17 resident tuition rate charged by SUNY ($6,470) or CUNY ($6,330) will be reduced by the amount of certain other student financial aid awards which an applicant has or will receive for the academic year, including a NYS Tuition Assistance Program (TAP) award and/or federal Pell grant. The Excelsior Scholarship will cover any remaining tuition liability up to $5,500; and a tuition credit will cover any remaining tuition expenses not covered by the Excelsior Scholarship.

*Note: Any award payment received may have tax implications. Any questions regarding this should be directed to a tax professional, the Internal Revenue Service, or the NYS Department of Taxation and Finance.

Duration

A recipient of an Excelsior Scholarship is eligible to receive award payments for not more than two years of full-time undergraduate study in a program leading to an associate’s degree or four years of full-time undergraduate study, or five years if the program of study normally requires five years, in a program leading to a bachelor’s degree.

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.

How to Apply

The deadline for the Excelsior Scholarship application for Fall 2018-19 academic year has passed. You can subscribe if you would like to be notified when the application becomes available

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