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Excelsior Scholarship Case Study

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The University is pleased to announce that the State of New York, under the leadership of Governor Cuomo and the legislature, is taking a bold step in addressing the cost of college education and student loan debt by launching the Excelsior Scholarship. This program is the first of its kind in the country. It will enable many New York State residents to attend a CUNY college tuition-free and establish a national model broadening access to higher education. Recipients of this award must have a family income of $100,000 or less, file the Free Application for Student Aid (FASFA) along with the TAP supplement, attend full-time, and complete 30 credits per year. (Nevarez, et al 2016). Awardees must also agree to reside exclusively in New York State and not be employed in any other State for a continuous number of years equal to the duration of the award. The Excelsior Scholarship will be applied to each qualifying student’s financial aid package after all other aid, including TAP, Pell, City Council Scholarship, college …show more content…

In the meantime, we recommend that you file the FAFSA immediately if you have not already done so. Please refer any questions you have to the Admissions or Financial Aid Office at the college you will be attending. Points of interest of New York's free open school educational cost program stirred a surge of solid responses in the days since Governor Andrew Cuomo and state administrators achieved an arrangement that will make them begin this fall. Maybe the most dubious component of the program, which is known as the Excelsior Scholarship, is a work and residency commitment that kicks in after understudies graduate. (Alderson et al 2015). Grant beneficiaries should live and work in New York State after graduation for a similar number of years they got Excelsior Scholarships, or their gifts will transform into

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