POST-AWARD OBLIGATIONS 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. In addition, if you are working during those years, you must work in New York State.
How long do you have to stay in NY after free college?
After you complete your degree, you must live in NY State for the same number of years you received the scholarship. For example, if you received four scholarship awards, you must live in the State for four years after you get your degree.
How long can you keep your scholarship till you use it?
The fine print for most scholarships says that they renew each school year based on a student’s performance in the last school year. If you do well, you should be able to keep your scholarship throughout your four years of schooling.
What happens if you lose the Excelsior Scholarship?
The scholarship does not revert to a loan if the student becomes ineligible and loses the scholarship while continuing their undergraduate work prior to graduation. If the scholarship reverts to a loan, that loan will not incur interest.
What are the cons of the Excelsior Scholarship?
UNSTABLE BENEFITS.
Students who qualify for Excelsior benefits receive a valuable financial aid grant – but an unstable one as well. Students must maintain a pace of 30 credit hours per year and remain on track for an on-time graduation or else permanently lose access to the program.
Is SUNY free to NY residents?
Nearly 230,000 New York residents attend CUNY or SUNY tuition-free thanks to the addition of students receiving the Excelsior Scholarship. Applications will be accepted through August 31, 2021.
Do New York residents get free college?
Under this groundbreaking program, more than 940,000 middle-class families and individuals making up to $125,000 per year will qualify to attend college tuition-free at all CUNY and SUNY two- and four-year colleges in New York State. The new program begins in the fall of 2017 and will be phased in over three years.
Do you lose your scholarship if you take a year off?
“Students who were awarded a merit scholarship are at [the] greatest risk,” he said. “When students take time off school, they violate the satisfactory academic progress requirement and may forfeit their scholarship for all remaining years, even when returning to school.”
Can you use a scholarship later?
In almost all cases, scholarships are put directly towards your college’s tuition and expenses, rather than a check sent to you. If you choose not to go to school, it will not be put in a savings account for later use.
Does financial aid expire?
For loans to be reinstated students must request reinstatement of loans via askfas email or student can complete the request loan form. However, aid does not expire but eligibility could change yearly based on need, if the student is eligible to receive aid the following term or year aid is awarded.
How do I keep the Excelsior Scholarship?
How do I maintain my eligibility? You will continue to receive the Excelsior Scholarship provided that you enroll full-time and successfully complete thirty (30) credits toward your degree in an academic year. Students who do not successfully complete thirty (30) credits per year can lose the scholarship.
Is the Excelsior program worth it?
In effect, Excelsior eligibility is based on a reverse-means test; after deducting the value of TAP and Pell grants, the scholarship is worth most to students from households with higher incomes—up to the $125,000 cutoff, beyond which it drops straight to zero.
How much is the NYS Excelsior Scholarship?
1. EXCELSIOR SCHOLARSHIP AWARD CALCULATION The Excelsior Scholarship is a last dollar tuition award. The maximum Excelsior Scholarship award is $5,500. The Excelsior Scholarship tuition credit, calculated by HESC after certification, covers any remaining liability up to actual tuition.
What is the number one SUNY school?
1. University at Buffalo. A top public university in New York State, UB boasts the widest range of academic programs of any public institution in its region (New York/New England), with more than 140 undergraduate programs, along with the option of designing your own major.
Is Niagara university a SUNY school?
Niagara County Community College – SUNY.
Is CUNY cheaper than SUNY?
Though CUNY and SUNY schools are comparable in terms of cost, especially for in-state students, tuition is a bit lower at SUNY schools for out-of-state students. CUNY receives funding from the State of New York and New York City, while SUNY receives funding just from the State of New York.
How long do you have to live in NY to get in-state tuition?
Students applying for in-state tuition must have resided in New York State, with the intent to stay, for at least one year prior to the first day of class for the semester in which they are applying for a determination. Students must submit proper documentation along with the CUNY Residency Application (pdf).
How much does 4 years of college cost on average?
The average cost of attendance at any 4-year institution is $35,331. The average cost of tuition at any 4-year institution is $28,775. At public 4-year institutions, the average in-state tuition and required fees total $9,349 per year; out-of-state tuition and fees average $27,023.
Is college free in NJ?
The expansion of the county college program is tied into other aid programs introduced by the Murphy administration, including the new Garden State Guarantee Initiative that will add a third and fourth year of tuition-free education for low-income students at all of New Jersey’s public four-year colleges later this
Do I have to pay back FAFSA if I drop out?
The federal government dictates if you drop out before the 60% point of the semester, you will have to repay part of the grants you’ve received. If you wait until the 60% mark or after, you won’t have to repay any grants you’ve received.
Do I have to pay back FAFSA if I fail a class?
Failing a class does not force you to pay back your FAFSA financial aid. However, it could put you at risk for losing eligibility to renew it next semester. If you do not make Satisfactory Academic Progress, or SAP, your federal financial aid is at risk of being suspended.
