The Excelsior Scholarship, by the State of New York, is a brave move to address the high cost of tertiary education and student loan debt. This is the nation’s first program of its sort. <\/p>\n\n\n\n
In addition to creating a national paradigm for broader access to higher education, it allows many New York State residents to enroll in CUNY colleges without paying tuition.<\/p>\n\n\n\n
The Free Application for Student Aid (FAFSA) must be submitted along with the TAP and Excelsior Scholarship applications or the NYS Dream Act application (if applicable), and recipients of this award must have a family income of $125,000 or less.<\/p>\n\n\n\n
Additionally, they must enroll full-time and complete 30 credits a year. Furthermore, award winners must commit to only reside in New York State and forego employment there for a continuous period equal to the duration of the award.<\/p>\n\n\n\n
The Excelsior Scholarship will be added to each qualifying student’s financial assistance package after TAP, Pell, City Council, college scholarships, and other grants or scholarships have been considered.<\/p>\n\n\n\n
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