Requirements To Be Eligible For Excelsior Scholarship In 2023
Overview of Excelsior Scholarship
The Excelsior Scholarship is a program offered by the State of New York to provide tuition-free college education to qualified students. The program was established in 2017 and is funded by the state. The goal of the program is to make college affordable to students from all backgrounds and to ensure that students are able to complete their college education without accumulating crippling amounts of student loan debt. The Excelsior Scholarship program is designed to provide up to $25,000 in tuition assistance over four years of study at a New York State college or university. The scholarship can be used to cover tuition and fees at any of the SUNY or CUNY college campuses in New York.
Eligibility Requirements
In order to be eligible for the Excelsior Scholarship, students must meet certain requirements. First, students must be residents of New York State for at least one year prior to the start of their college program. Second, students must attend a SUNY or CUNY college or university. Third, students must demonstrate financial need by filing the Free Application for Federal Student Aid (FAFSA). Fourth, students must take at least 12 credits per semester and make satisfactory academic progress. Fifth, students must commit to living and working in New York State for the same number of years that the scholarship was received. Lastly, students must not have any prior college debt greater than $25,000.
Income Eligibility
In addition to meeting the other eligibility requirements, students must also meet the income eligibility requirements. The income eligibility requirements are based on the student's family size and the combined adjusted gross income of the student and their family. For the 2021-2022 academic year, students with a family size of one and a combined adjusted gross income of $90,000 or less are eligible for the Excelsior Scholarship. For a family size of two, the combined adjusted gross income must be $125,000 or less. For a family size of three, the combined adjusted gross income must be $155,000 or less. For a family size of four, the combined adjusted gross income must be $185,000 or less. For a family size of five or more, the combined adjusted gross income must be $215,000 or less.
Additional Requirements
In addition to meeting the eligibility requirements and the income eligibility requirements, students must also comply with any other requirements that may be imposed by the State of New York. For example, students must complete at least 30 credits per year in order to remain eligible for the scholarship. Students must also maintain a minimum grade point average of 2.0 in order to remain eligible. Lastly, students must remain in good academic standing and be in compliance with the Student Conduct Code.
Application Process
In order to apply for the Excelsior Scholarship, students must first complete the Free Application for Federal Student Aid (FAFSA). Once the FAFSA is completed, students must submit the Excelsior Scholarship Application to their college or university. Once the application is submitted, students will be notified of their award status. If a student is awarded the Excelsior Scholarship, they must also complete the Excelsior Scholarship Agreement Form. This form must be completed and signed before the student can receive the scholarship.
Renewal Process
In order to renew the Excelsior Scholarship, students must submit the Excelsior Scholarship Renewal Application to their college or university. The renewal application must be completed and submitted before the start of the academic year. Upon submission of the renewal application, students will be notified of their renewal status. If a student's renewal application is approved, they must then complete the Excelsior Scholarship Agreement Form. This form must be completed and signed before the student can receive the scholarship.
Conclusion
The Excelsior Scholarship is a great opportunity for qualified students to receive tuition-free college education. In order to be eligible for the scholarship, students must meet certain eligibility requirements and income eligibility requirements. Students must also comply with any other requirements imposed by the State of New York. The application and renewal process is relatively simple and straightforward. If a student is awarded the scholarship, they must complete the Excelsior Scholarship Agreement Form in order to receive the scholarship.
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