Congratulations New York, for becoming the first state to offer tuition-free to four-year colleges!
This past weekend it was announced that New York’s State Senate will be moving forward with approving the next year’s fiscal budget which included a bill that will make college education free at two and four-year public colleges for families that make less than 100,000 per year. This means that nearly 1 million families will be eligible.
In order to receive the Excelsior Scholarship students must be enrolled in college full-time and average 30 credits per years to receive funding. Students must also maintain a passing grade point average and stay in state after college for the same number of years that they received free tuition. If students do not follow the guidelines their scholarship will be converted into loans. Room and board expenses will not be covered under this plan but this is still one heck of a deal!
Not being able to afford college is one of the number one reasons why people do not attend. The Excelsior Scholarship will be changing that and giving people a chance to fairly get an education and better their lives.
This is a growing trend, San Francisco, Tennessee, and Oregon have recently made community colleges free for residents. But New York will be the first state to offer free tuition at four-year universities.
Now, who’s moving to New York?