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Building Success: Excelsior Scholarship Revisited

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Presentation on theme: "Building Success: Excelsior Scholarship Revisited"— Presentation transcript:

1 Building Success: Excelsior Scholarship Revisited

2 THERE’S NO FREE LUNCH. THE EXCELSIOR SCHOLARSHIP PLAN IS BAD FOR PUBLIC INSTITUTIONS, BAD FOR PRIVATE INSTITUTIONS, BAD FOR THE ECONOMY, BAD FOR STUDENTS…AND BAD FOR NEW YORK. Times Union Mar 2017

3 Initial Concerns

4 SUNY will be over-enrolled
Times Union Mar 2017

5 Private colleges will be under-enrolled
Times Union Mar 2017

6

7 What Happened

8 SUNY undergraduate enrollment decreased 1% in 2017

9 At 48 majority New-Yorker serving private colleges, undergraduate enrollment decreased 2% in 2017
Nov 2017

10 CUNY first-time freshman enrollment increased 3% in 2017

11 But, unique applicants to SUNY increased 9% for 2018

12 CUNY

13

14 Times Union Oct 2017

15 Ongoing Concerns

16 New York State’s free college program is a bait into a trap for students who attend campuses where students hardly ever earn 30 credits a year. Gotham Gazette Jul 2017

17 You’ve just been offered a great job in Hoboken. Not so fast, kid
You’ve just been offered a great job in Hoboken? Not so fast, kid! Well, if the goal is to keep New York’s population from continuing to decline, trapping millennials within state borders is a creative way to do it. Times Union April 2017

18 What may happen?

19 11% 10% Increase of full-time freshmen taking 15 credits or more
at SUNY 10% Increase of full-time freshmen taking 15 credits or more at CUNY

20 Approximately 85% of SUNY graduates will remain in the state of New York
Scholarship will revert to an interest-free 10-year loan if residency requirement is not met

21 Success?

22 The College System of Tennessee, Sept 2017

23 Success indicators in Tennessee
Retention rates Increased FAFSA completion Reduction in loans requested Enrollment increases for first time Graduation rates

24

25 Success Indicators for New York
6.4% more likely to earn any award than 12-credit students 11% more likely for 4-year students Students who enroll in 15 credits are more likely to graduate 9% savings per degree for community college students 14% savings for 4-year schools Large benefits for members of racial/ethnic minority groups

26 Benefits for society and college
Savings per degree $61,950 vs $56,150 for momentum students $173,310 vs $138,050 Higher revenues from tuition and fees as more students are retained 8 states have some form of a free tuition initiative New York is the only state that has it for 4-year schools

27 New Concerns

28 Times Union Apr 2018

29 Enhanced Tuition Awards
Adelphi University  Alfred University American Academy of Dramatic Arts ASA College Berkeley College Boricua College Bryant & Stratton College Canisius College College of Mount Saint Vincent College of Westchester Concordia College-New York Cornell University Davis College DeVry College of New York Dominican College Elim Bible Institute and College Five Towns College Hilbert College Jamestown Business College Kings College Laboratory Institute of Merchandising Long Island University Manhattan College Manhattanville College Mercy College Metropolitan College of New York Molloy College Monroe College Mount Saint Mary College Niagara University Nyack College Pace University Plaza College St. John’s University St. Thomas Aquinas College Swedish Institute The College of Saint Rose Touro College Trocaire College Utica College Vaughn College of Aeronautics and Technology Villa Maria College of Buffalo Yeshiva University Enhanced Tuition Awards

30 “A better model would target aid to low-income students and help cover other costs associated with going to college,” she said. Times Union Dec 2017

31 NPR, Dec 2017 The Guardian, Dec 2015

32 What your students need to know

33 Appeals Accepted for 2018 Current adjusted gross income is $110,000 or below due to the disability, divorce or separation of a parent, spouse or the student or the death of a parent or spouse  Deadline: Before July 23, 2018 (as soon as possible) Income Appeal Form and Submitting

34

35 Losing Eligibility Income exceeds threshold
NYS Residency- student is no longer a resident 30 credits between 365 days or continuous enrollment Cannot regain eligibility Demonstrate good cause may appeal Complete and submit the  Excelsior Scholarship Program Appeal Form 

36

37 Be Aware of Tuition Charges
: $6,470 (until ) Actual award $2,750 & excelsior credit $485 Only for Fall and Spring semesters

38 Eligibility requirements for ADA students
Not required to maintain 30 credits a year Complete number of credits enrolled each term Missing credits can be earned during summer and winter terms

39 Contract Sign the contract! Before signing contract
Send to After signing contract Call HESC

40 Other Tips Encourage students to take AP courses Advocate to donors

41 FAFSA Challenge : New York Number One!
FAFSA Completion Dates : Money Monday$ October 1 15 22 29 November 5 19 26

42 Recommended Reading

43

44 Questions and Concerns for Year Two?


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