The pursuit of educational aspirations is often marred by financial constraints, ultimately hindering students from fulfilling their academic dreams and career goals. Recognizing this huge challenge, the Excelsior Scholarship has offered numerous educational opportunities to students who can’t afford to further their education due to financial issues.
This scholarship initiative was introduced in 2017 by Governor Andre Cuomo. It is a tuition-free program available for eligible students who attend public colleges and universities in New York State.
The primary aim of the Excelsior Scholarship is to make higher education accessible and affordable for students residing in New York.
Want to know more about this scholarship? Ensure you read to the end of this article, as we will be providing valid information as regards the Excelsior scholarship.
How Excelsior Scholarship Work
Excelsior scholarship is renowned for helping to reduce the financial stress that comes with pursuing higher education. Students who reside in New York are eligible to apply for this scholarship. It covers the cost of tuition to pursue undergraduate degrees at State University of New York (SUNY) and City University of New York (CUNY) schools, as well as community colleges.
Overall, the Excelsior Scholarship focused on making higher education affordable and accessible to New York residents, ultimately helping to reduce the financial burden of tuition costs.
To apply for the Excelsior scholarship, you have to check the eligibility boxes and check out the requirements outlined below.
Eligibility Requirements
One of the ways to increase your chances of winning the Excelsior scholarship is by meeting the eligibility criteria. To be eligible for this scholarship, applicants must fulfill the criteria outlined below:
- The applicant must be a citizen of New York State or a permanent resident for 12 consecutive months prior to the beginning of the term and application.
- The applicant must be a U.S. citizen.
- Federal adjusted gross income must not exceed $125,000.
- Must have graduated from a high school in the United States or passed a federally approved test based on the standard of the Commissioner of the State Education Department.
- The applicant must be pursuing an undergraduate degree at an accredited SUNY or CUNY college.
- Must have completed a minimum of 30 credits hours and enrolled in at least 12 credits per academic session.
- The applicant must be in non-default status on a student loan made under any NYS or federal education loan program.
- You must adhere strictly to the terms of service conditions specified by any NYs rewards you’ve previously received.
- You must be willing to sign a contract that demonstrates your agreement to reside in New York for the period of time for which the award was received.
If you meet these criteria, hearty congratulations to you! You are now eligible to apply for the Excelsior scholarship. We advise applicants to send in their applications early to avoid delays and unnecessary rushing.
FAQs
Are there any requirements or obligations for Excelsior Scholarship recipients?
Yes, recipients of this scholarship are to abide strictly by the specified requirements and obligations to maintain their scholarship. You must maintain good character throughout your course of study and complete the specified number of credits per semester. Do away with anything that will jeopardize your eligibility for this scholarship.
Can the Excelsior scholarship be used for graduate or professional programs?
Unfortunately, you cannot use the Excelsior Scholarship for graduate programs. This scholarship is specially designed for undergraduate programs at SUNY and CUNY schools; it does not cover graduate or professional programs.
How is the scholarship funded?
It is funded through a combination of state funds and other sources of funding. The availability of scholarship programs largely depends on the budget and available funds.
Who is eligible for the Excelsior scholarship?
The eligibility criteria for the Excelsior Scholarship are based on certain factors. This include maintaining a good academic record, being a New York State resident, attending a SUNY or CUNY school, and meeting the income requirements.
How do I apply for the Excelsior scholarship?
Students who intend to apply for the this scholarship program must fulfill the eligibility criteria before proceeding with their application. To apply, visit the official website of the New York State Higher Education Services Corporation (HESC). You will be asked to provide personal information in your application form, as well as supporting documents that ascertain your eligibility. Ensure to send in your applications before the deadline. Candidates who do not adhere to this scholarship deadline will not be considered.
What is the income threshold for the Excelsior scholarship?
The income threshold for the Excelsior Scholarship is $125,000 per year. Students or family income should be exactly this amount or less than that. This income threshold is also one of the criteria that makes you eligible for this scholarship.
