Excelsior Scholarship Eligibility
- mclarrenconsulting
- Mar 23, 2020
- 3 min read
Excelsior Scholarship Eligibility
NYS resident for 12 continuous months prior to the beginning of the term
A U.S. citizen or eligible non-citizen
Combined federal adjusted gross income of $125,000 or less;
Pursuing an undergraduate degree at a SUNY or CUNY college, including community colleges and the statutory colleges at Cornell University and Alfred University;
Enrolled in at least 12 credits per term and complete at least 30 credits each year successively.
If attended college prior to the 2019-20 academic year, have earned at least 30 credits each year (successively), applicable toward his or her degree program prior to applying for an Excelsior Scholarship;
Be in a non-default status on a student loan made under any NYS or federal education loan program or on the repayment of any NYS award;
Be in compliance with the terms of the service condition(s) imposed by any NYS award that you have previously received; and
Execute a Contract agreeing to reside in NYS for the length of time the award was received, and, if employed during such time, be employed in NYS.
You may not receive an award to pursue a second associate’s or a second bachelor’s degree.
Students who began or completed a certificate program and who had a break in attendance before pursuing their associate’s degree or a bachelor’s degree are not eligible to receive an award.
The Excelsior Scholarship, in combination with all other awards, will only cover tuition up to $6,470 for the 2019-20 academic year.
If you are no longer on track to complete an associate’s degree in two years or a bachelor’s degree in four years, you will be ineligible for the award.
Excelsior Scholarship will not pay for summer or winter classes if you attend a summer or winter term to complete my 30 credits?
Credits earned during a summer or winter term (as well as college credits earned while in high school) will count towards the 30-credit per year requirement.
If you fail to complete 30 credits over a 365-day period, the Excelsior Scholarship will cover your first term; however, you will be responsible for the tuition liability for your second term.
A student who fails to complete 30 credits in any year is ineligible for any future payments under the Program.
You are not eligible for the Excelsior Scholarship if the college you transferred to does not accept all my credits.
You do not have to receive a TAP award to be eligible to receive an Excelsior Scholarship. However, a student who does receive a TAP award will have their Excelsior Scholarship reduced by the amount of their TAP award.
You will have up to six months after your last award payment has made before you must live in NYS to fulfill the residency requirement.
You must work in New York State.
Your post-award residency obligation is deferred while you continue your education outside of New York State. You will have six months to return to NYS to begin fulfilling your residency requirement.
If you move out of New York State your award will be prorated when calculating your loan amount.
If my award reverts to a loan the Excelsior Scholarship awards which you receive will convert to a zero-interest loan.
If my award reverts to a loan Excelsior Scholarship will convert to a 10-year loan. Loans can be repaid early without penalty.
HESC will service loans that are in repayment, provided regular payments continue to be made. Unpaid loans will be referred to the NYS Office of the Attorney General.
Source https://www.hesc.ny.gov/
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