Here's the Fine Print On The Country's Biggest-Ever Free College Plan

Apr 15, 2017, 00:42

The Excelsior Scholarship is a first-in-the-nation plan that will let ny residents whose families makes up to $125,000 per year attend the state's public colleges and universities for free. But now, the state of NY will help students overcome this obstacle by providing free tuition for many attending public universities and community colleges. He feels the income requirement should have been raised to a cap of $150,000 per year. "Most students need room and board, that's where the big expenses are". After they graduate, students must live and work in NY for the same amount of time they received the scholarship. "The Excelsior Scholarship expands access to many more deserving students and the five-year tuition plan approved ensures college costs are predictable and transparent for all SUNY students and their families". Beginning this fall, tree tuition will be available to students from families making less than $100,000 per year. "It's a different model", Cuomo said in a press release.

The scholarship covers the full cost of tuition, now $6,470 per year at four-year schools and $4,350 at community colleges.

She had originally promised only to reduce student debt but then endorsed a plan closer to Mr Cuomo's. Well it's becoming a reality for middle class students in NY.

Lawmakers just approved a state budget that includes a tuition-free college plan called the Excelsior Scholarship.

Students will be able to see if they are eligible for the Excelsior Scholarship Program this spring when it is included in the Free Application for Federal Student Aid (FAFSA).

It's estimated 80 percent of New York State's families with college-age kids could benefit from the program. The Budget also includes $8 million to provide open education resources to students at SUNY and CUNY colleges.

"The colleges are allowed to increase the tuition that's part of this bill by up to $200 a year for the next several years", he said. Free college was a central element of Sanders' presidential campaign platform. He said, "This program does nothing to address the needs of countless low-income students and will only end up impacting a small percentage of CUNY students".

Are you a college-bound NY resident?