Breaking Down the Excelsior Scholarship: How Much Money Can You Receive?
Are you planning to attend college in New York and wondering how to fund your education? Look no further than the Excelsior Scholarship program. In this article, we’ll break down the details of the scholarship and discuss how much money you can receive.
Introduction
The cost of college education continues to rise, making it difficult for many students to afford. The Excelsior Scholarship was launched in 2017 to ease the burden of college expenses for students in New York State. Let’s take a closer look at how this program works.
Eligibility Requirements
To be eligible for the scholarship, you must meet the following criteria:
1. Be a legal resident of New York State for at least one year prior to the start of the semester.
2. Attend a SUNY or CUNY college or university.
3. Have a family income of $125,000 or less.
4. Be enrolled in an eligible program full-time and earn 30 credits per academic year (excluding remedial courses).
Scholarship Award Amount
If you meet the eligibility requirements, the Excelsior Scholarship can provide up to full tuition coverage at a SUNY or CUNY college or university. However, it’s important to note that the scholarship only covers the cost of tuition, not other college expenses like room and board, textbooks, or fees.
If you receive the scholarship, you’ll be required to live and work in New York State for the same number of years that you received the scholarship. If you fail to meet this requirement, the scholarship will be converted into a loan that you’ll be required to repay.
How to Apply
To apply for the Excelsior Scholarship, you must first complete the Free Application for Federal Student Aid (FAFSA) and the New York State Tuition Assistance Program (TAP) application. Once you’ve completed these applications, you can then apply for the Excelsior Scholarship through the HESC website.
Conclusion
The Excelsior Scholarship is a fantastic opportunity for students in New York State to receive tuition coverage at a SUNY or CUNY college or university. However, it’s important to carefully review the eligibility requirements and understand the terms and conditions before applying. With careful planning and consideration, the Excelsior Scholarship can help make the dream of a college education a reality.
