2017 DiversityInc Top 50 Announcement Event

New York Rolling Out Free Tuition Plan for Many Students

The Excelsior Scholarship is a first-in-the-nation plan that will let New York residents whose families makes up to $125,000 per year attend the state's public colleges and universities for free.

REUTERS

(Reuters) — Sotiris Charalampous spent the past two years juggling school and work in an effort to save enough money to pay for his college tuition.

However, a new initiative by the state could mean the rest of the sophomore’s education costs him nothing at all, as long as he meets certain requirements.

“I was on the train reading the article and it was just a ‘phew’ moment for me,” Charalampous, who studies biology at the City College of New York (CCNY), said on Tuesday, referring to the launch of the new program.

The Excelsior Scholarship is a first-in-the-nation plan that will let New York residents whose families makes up to $125,000 per year attend the state’s public colleges and universities for free.

In what was seen as a nod to U.S. Sen. Bernie Sanders, New York’s Democratic Gov. Andrew Cuomo in January proposed offering free tuition to students from low- and middle-income families.

Sanders had promised during his campaign last year to be the Democratic Party’s presidential candidate that he would make tuition free for everyone who attends state college in the United States.

The scholarship, which begins this fall, also allocates $8 million to pay for resources such as e-books for students, the governor’s office has said.

Eligible students must be enrolled in college full-time and maintain a healthy grade point average. After graduating, they will also have to live and work in the state for the same number of years as they received the scholarship.

“College was a worry for me,” said Samiyah Ali, an incoming freshman at CCNY. “So I think it’s a great opportunity. It makes college available for a lot of people that weren’t able to go.”

CCNY’s interim president, Vincent Boudreau, praised the importance given to education in the state’s budget.

“You can’t put a price tag on it,” he said. “It’s just earth-shattering for us.”

Read more news @ DiversityInc.com

Recommended Articles

3 comments

Leave a Reply

*Your email address will not be published


  • Good for them, I wonder what they’ve considered regarding the residency requirement in terms of how long a person must live there. I “semi-recall” a friend moving to California because of a break on the cost of tuition there, but you needed to be a resident for a certain number of years. I believe it was to ensure that people didn’t flood the state in time for school.

    Reply
  • Sp parents like me who cut back and conserved to help their kids pay for college can now chip taxes in to everybody’s college fund? Yay!

    Reply
    • A matter of perspective, my children won’t get a dime of financial aid, nor should they, but not only am I happy for those who receive assistance, I donate to scholarship funds.

      There is no doubt in my mind that my philanthropy and business success are inter-related

      Reply
« Previous Article     Next Article »