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File: Excelsior Scholarship Id 27957 | Summary
new york s promise to students ever upward the excelsior scholarship making college possible new york s tuition free degree program the excelsior scholarship is the first of its kind ...

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                      New York's Promise to Students: Ever Upward 
                          The Excelsior Scholarship, Making  College Possible 
          New York's tuition­free  degree  program, the Excelsior Scholarship, is the first of its kind in the nation. The Scholarship  is making 
          college  possible for hundreds of thousands of students across the state and helping to alleviate the crushing burden  of student 
          debt. A college education  is increasingly  necessary to secure the jobs  of tomorrow, and the Excelsior Scholarship ensures New 
          York's students  have access to a quality  education  and the skills they need to succeed. 
          KEY POINTS: 
          By 2024,  3.5 million jobs  in New York State will  require  an Associate's  Degree  or higher ­ roughly  420,000  more jobs  than 
          in 2014. 
          Even as higher education  becomes  more necessary for an individual  to succeed, the cost to attain a college  degree  is rising 
          beyond what most families can afford. 
          To make college  possible  for  everyone,  Governor  Cuomo 's Excelsior Scholarship  program  will  provide  more than  940,000 
          eligible  families  and  individuals  making  up to  $125,000  per year the  opportunity  to attend  college  tuition­free  at SUNY or 
          CUNY schools . 
         Tuition­free  college  will  begin  immediately  for students  whose  families  make up to $100,000  annually  and extend  to those 
          making $125,000  annually by 2019. 
         ELIGIBILITY  : 
         In order to apply, students  must: 
                Be residents  of New York State 
                 Plan to attend  a SUNY or CUNY two­ or four­year  degree  program 
                Take 30 credits  per year and make progress towards  graduation 
                Maintain good  academic  standing 
                Be on track to graduate  on time with an Associate's  Degree  in two years or a Bachelor's  Degree  in four years 
         A significant  number  of students  in college  do not complete  their  degree  on time,  increasing  student  debt  and  placing  an 
         additional  burden  on taxpayers.  On­time graduation  rates at New York's public colleges  are too low ­ 39 percent  at four­year 
         institutions  and 9 percent  at community  colleges. 
         HOW  IT WORKS: 
         When fully implemented,  the  Excelsior Scholarship,  in combination  with  other  aid programs,  will  allow  200,000  students­
         52 percent  of resident full­time  students­to    attend  a SUNY or CUNY college tuition­free . 
         New  York already  operates  a generous  $1 billion  Tuition  Assistance  Program . The  Excelsior  Scholarship  is intended  to 
         supplement  all current  aid programs, including  but not limited to TAP, PELL, and SU NY/CUNY Tuition Credit  programs. 
         The Excelsior Scholarship  then  provides  assistance to  students  to cover  any tuition  gaps and  make college  tuition  free  at 
         New York's prized public  universities. 
         The total cost of the program  is approximately  $163 million . 
         LEARN  MORE: 
         To learn more about  how to apply, visit www.HESC.ny.gov or text COLLEGE to 81336. 
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