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There is not a GPA requirement for students to be eligible for the Excelsior Scholarship provided they earn thirty (30) credits over the course of a year, however students will need to maintain a GPA that allows for the successful completion of their degree.
Will there be an Excelsior Scholarship 2022 2023?
The program covers tuition for eligible SUNY and CUNY students. For the 2022-23 academic year, families who earned $125,000 or less in the tax year 2020 are eligible to apply. Excelsior Scholarship - What to know!
Is the Excelsior Scholarship for 4 years?
You are eligible to receive an Excelsior Scholarship for up to 2 years for students pursuing an Associate's degree and up to 4 years for students pursuing a Bachelor's degree. Students in an undergraduate program of study normally requiring 5 years are eligible to receive the award for 5 years.
Do you have to pay back NYS 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.
How much money does the Excelsior Scholarship give?
EXCELSIOR SCHOLARSHIP AWARD CALCULATION The Excelsior Scholarship is a last dollar tuition award. The maximum Excelsior Scholarship award is $5,500. The Excelsior Scholarship tuition credit, calculated by HESC after certification, covers any remaining liability up to actual tuition.
You are eligible to receive an Excelsior Scholarship for up to 2 years for students pursuing an Associate's degree and up to 4 years for students pursuing a Bachelor's degree. Students in an undergraduate program of study normally requiring 5 years are eligible to receive the award for 5 years.
Is it hard to get the Excelsior Scholarship?
The state received 63,599 applications for Excelsior Scholarships, of which 43,513 were denied, a denial rate of 68 percent. By far the most commonly cited reason for denial was \u201cnot sufficient credits,\u201d which accounted for 36,095 denials, 83 percent of all rejected applications.
Do you have to apply for NYS Excelsior Scholarship every year?
2.2 Returning Excelsior Scholarship Recipients Returning Excelsior Scholarship Recipients are not required to complete the Excelsior Scholarship application in any subsequent year, even if they have received a $0 award in any previous year.
How long do you have to stay in NY after Excelsior Scholarship?
POST-AWARD OBLIGATIONS You will have up to six months after your last award payment has made before you must live in NYS to fulfill the residency requirement. In addition, if you are working during those years, you must work in New York State.
What is the residency requirement for the Excelsior Scholarship?
A student must be a resident of NYS and have lived in NYS for 12 continuous months prior to the beginning of the term to be eligible for Excelsior. The residency of a dependent student is that of the parent.
Related links
Excelsior Scholarship Program
To receive an Excelsior Scholarship, you must sign a contract agreeing to live and/or work in New York State for a required number of years after graduation ...
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