Requirements To Qualify For An Excelsior Scholarship In 2023
The Excelsior Scholarship, a New York State initiative, is a tuition-free program designed to help students from low- and middle-income families pay for college. It is intended to provide financial aid to students from families who would otherwise be unable to afford the cost of higher education. The Excelsior Scholarship is available to both full-time and part-time students enrolled in undergraduate programs at New York State colleges and universities. To qualify for the Excelsior Scholarship, a student must meet certain eligibility requirements.
Basic Eligibility Requirements
In order to be eligible for the Excelsior Scholarship, students must meet a few basic requirements. First, students must be enrolled in an undergraduate program at an approved New York State college or university. Secondly, students must be a United States citizen or eligible non-citizen, as defined by the U.S. Immigration and Naturalization Service. Thirdly, students must be a legal resident of New York State for at least 12 months prior to the start of the academic year for which they are applying for the Excelsior Scholarship.
The fourth requirement is that students must be making satisfactory academic progress and must also maintain a certain minimum grade point average. The minimum GPA is determined by the college or university to which the student has applied. Generally, the minimum GPA requirement is at least 2.0 for undergraduate programs.
Income Requirements
In addition to the basic eligibility requirements, students must also meet certain income requirements in order to qualify for the Excelsior Scholarship. The income requirements are based on the family size and the student's expected family contribution. Specifically, students must have an expected family contribution of less than $10,000 and must have an income of less than $125,000 in order for the student to be eligible for the Excelsior Scholarship.
The expected family contribution is calculated based on the student's information, including the student's income, assets, and the income and assets of the student's family. The expected family contribution is a measure of how much the student's family can contribute to the student's college expenses. The expected family contribution is determined by the Free Application for Federal Student Aid (FAFSA).
Additional Requirements
In addition to the basic eligibility requirements and the income requirements, students must also meet a few additional requirements in order to qualify for the Excelsior Scholarship. Specifically, students must not have any outstanding student loan debt, and students must not have previously received the Excelsior Scholarship. In addition, students must also agree to live and work in New York State after graduating for the same number of years as they received the scholarship.
The purpose of this requirement is to encourage students to remain in New York State after graduating and to help stimulate the state's economy. This requirement is also intended to ensure that the Excelsior Scholarship is used to help students who intend to stay in New York State after graduating and to help build a stronger workforce in the state.
Application Process
Students who meet the eligibility requirements for the Excelsior Scholarship must then complete the online application process. The online application will require students to provide information about their personal and financial situation, including their family income and assets, their expected family contribution, and their academic progress. Once the application is completed, students will be notified if they have been approved for the scholarship.
The Excelsior Scholarship is a great opportunity for students from low- and middle-income families to pursue a college education. By meeting the eligibility requirements and completing the online application process, students can take advantage of this tuition-free program and help make their college dreams a reality.
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