New York Press Release ~
First-in-the-Nation Program Makes NYS Public Universities Tuition-Free for Families Making Up to $125,000 Per Year, Alleviating Crushing Burden of Student Debt and Placing More New Yorkers on Path to Financial Security
Nearly 80 Percent or More Than 940,000 Families Across New York Would Qualify for Tuition-Free College at SUNY and CUNY Under Governor’s Bold Proposal
By 2024, 3.5 Million Jobs in New York State Will Require an Associate’s Degree or Higher; Innovative Proposal Will Help More New Yorkers Secure High-Paying Jobs of Tomorrow and Succeed in 21st Century Global Economy
Governor Andrew M. Cuomo today announced that members of the New York Democratic Congressional Delegation endorsed his first-in-the-nation plan to make college tuition-free for New York’s working- and middle-class families. The Excelsior Scholarship would make college possible for families making up to $125,000 per year, helping to alleviate the crushing burden of student debt while enabling thousands of bright young students to realize their dream of higher education at SUNY and CUNY. Under the Governor’s bold proposal, approximately 80 percent or more than 940,000 New York families would qualify to attend SUNY or CUNY two- and four-year colleges tuition-free.
“With a college education now a requirement to succeed in the modern workforce, the strength of our economy depends on our ability to help more New Yorkers go to college, and I am proud to have the support of these great New York leaders in our fight to make college tuition free for the middle class,” Governor Cuomo said. “The Excelsior Scholarship will enable thousands of students to receive a college education, and help ensure New York and its economic future continue to go ever upward.”
The following Congressional leaders have endorsed the Governor’s bold proposal to make college tuition free for middle-class families making up to $125,000 per year in New York State:
- Congresswoman Louise Slaughter
- Congressman Eliot Engel
- Congresswoman Nita M. Lowey
- Congressman José E. Serrano
- Congressman Jerrold Nadler
- Congresswoman Carolyn B. Maloney
- Congresswoman Nydia M. Velázquez
- Congressman Gregory W. Meeks
- Congressman Joe Crowley
- Congressman Brian Higgins
- Congresswoman Yvette D. Clarke
- Congressman Paul Tonko
- Congressman Hakeem Jeffries
- Congressman Sean Patrick Maloney
- Congresswoman Grace Meng
- Congressman Adriano Espaillat
- Congressman Thomas Suozzi
Know the Facts – The Excelsior Scholarship
The Excelsior Scholarship program requires participating students to be enrolled at a SUNY or CUNY two- or four-year college full-time. The initiative will cover middle class families and individuals making up to $125,000 through a supplemental aid program. Currently 80 percent of NY households statewide make $125,000 or less with an estimated 940,000 households having college-aged children that would be eligible for the program.
The new initiative will be phased in over three years, beginning for New Yorkers making up to $100,000 annually in the fall of 2017, increasing to $110,000 in 2018, and reaching $125,000 in 2019.
The Excelsior Scholarship program is designed to provide the most students with the greatest opportunity to attend college tuition free in New York – and that goal is met most cost-effectively by partnering with SUNY and CUNY.
The Governor’s program does not treat New York’s private universities unfairly. The state has invested more than $2.4 billion in private schools since 2011, and currently provides grants to approximately 90,000 students to attend private schools. The state of New York’s investment in private colleges is greater than that of any other state besides Texas.
Moreover, tuition at New York’s private colleges is much higher than at public institutions – the average tuition for a private school in New York is $34,000 a year compared to roughly $6,400 at SUNY and CUNY four-year schools and $4,300 at our community colleges.
Based on enrollment projections, the plan is expected to cost approximately $163 million per year once fully phased in. While the cost estimate of the program is low, that is because it works with already existing programs to close the “last mile” of tuition costs. It combines New York’s already robust $1 billion Tuition Assistance Program with federal grant funding, and then fills in any remaining gaps.
The Governor’s program also works by incentivizing students to graduate on-time, requiring students to attend college full-time and graduate with an Associate’s Degree in two years or a Bachelor’s Degree in four years. Graduation rates at New York’s public colleges, while similar to other schools nationwide, are too low – 61 percent of four-year students and 91 percent of our two-year community college students in New York don’t complete their degrees on time.
The Excelsior scholarship aims to change that, saving students time and money by reducing their overall debt burden. The plan also recognizes there may be circumstances outside students’ control, which is why the proposal includes a “stepping out” provision so that students will be able to pause and restart the program if life gets in the way.
By 2024, 3.5 million jobs in New York State will require an associate’s degree or higher – roughly 420,000 more jobs than in 2014. But for too many families, the cost of college is currently out of reach. The Excelsior Scholarship will equip students with the skills they need to succeed by making an advanced degree tuition free, and ensure they are able to secure the high-tech, high-paying jobs of tomorrow.
Congressman Eliot Engel said, “Today, more and more jobs require a college degree, and college graduates earn more over their lifetimes than high school graduates. But at the same time, the costs of college and the burden of exorbitant student debt has never been higher. That is why Governor Cuomo’s college affordability plan is so important. If we fail to make college affordable, we fail to provide young Americans with the opportunities they deserve. I applaud the Governor’s efforts to put college within reach for hardworking New York families.”
Congresswoman Nita M. Lowey said, “Affordable, quality higher education is critical so that today’s students can succeed in a 21st century economy. We must continue working at all levels of government to ensure that a higher education is within reach for every student.”
Congressman José E. Serrano said, “Everyone deserves a fair chance at the American dream and access to affordable higher education is crucial to our young generations’ future success. The Excelsior Scholarship program is an unprecedented and ambitious effort to help ensure every New York undergraduate student, regardless of their family’s economic background, has the opportunity to access quality education for free. Working families now won’t have to consider foregoing sending their kids to college or sacrificing their short and long term financial stability to do so. I applaud Governor Cuomo’s leadership on this issue by setting up a program to help ensure access to quality education for all that serves as a model for other states.”
Congressman Jerrold Nadler said, “Making college affordable for middle class families is central to putting young people on the path to financial stability and keeping New York State’s economy strong. I am proud to support the Governor’s Excelsior Scholarship and applaud his efforts to make public college free for over 900,000 New York families.”
Congresswoman Carolyn B. Maloney said, “A college education is key for the good-paying, middle class jobs of today and tomorrow. I’ve pushed for Community College for All in Congress, and am pleased that Governor Cuomo is leading the way with the Excelsior Scholarship to pave the way to a brighter future for nearly a million New York families.”
Congresswoman Nydia M. Velázquez said, “Access to a quality education can unlock doors of opportunity and this program will empower more New Yorkers to purse a college diploma. I applaud the Governor for pushing this initiative forward and will continue working at the federal level to make education more affordable for working families.”
Congressman Joe Crowley said, “We all know that investing in the education of future generations is the only way to ensure a bright economic future for New Yorkers and Americans across our country. At a time when obtaining a college degree is absolutely critical to competing in a 21st century economy, we literally cannot afford to sit idly by as the burden of student debt crushes the futures of so many of our youth. I applaud Governor Cuomo for leading the charge to ensure middle-class New Yorkers have the opportunity for a tuition-free higher education and the chance to build a better life for themselves and their families.”
Congressman Brian Higgins said, “For struggling families, the affordability of a college education remains a serious challenge. Providing more and better college tuition assistance for middle class families is an important step in our knowledge-based economy.”
Congresswoman Yvette D. Clarke said, “The Excelsior Scholarship, the first of its kind in the nation, will make college tuition-free for thousands of students wanting to go to college. This much needed program will alleviate the crushing burden of student debt for young people and their families. I thank Governor Cuomo for his leadership on this very important issue.”
Congressman Paul Tonko said, “Increasing access to higher education is one of the best investments we can make in our workforce and our communities. Skills and knowledge create opportunities for higher wages for hard working individuals and their families. Education can open doors to small business development, job growth and a new era of inventors and entrepreneurs. And it can drive cutting edge research and a modern economy that will keep New York competitive. I applaud Governor Cuomo for his leadership and foresight on this issue. We need to ensure tomorrow’s leaders have the tools they need to be successful.”
Congressman Sean Patrick Maloney said, “When I was growing up, my parents sent five kids to college on one income – today, families can’t even send one kid to college on two incomes. Even if someone is lucky enough to graduate, they’re stuck paying off crazy loans for the rest of their life. Governor Cuomo’s plan – making college affordable or tuition-free — is one of the best things we can do to ensure people can go to school and get good paying jobs when they graduate.”
Congresswoman Grace Meng said, “I applaud Governor Cuomo’s bold proposal to make SUNY and CUNY tuition-free. The plan would help more middle class students lay the foundation for achieving the American Dream and I’m proud to support the governor’s historic effort. A college education must be within reach for all of New York’s students!”
Congressman Adriano Espaillat said, “I commend Governor Cuomo for his visionary approach to making college accessible for all New York students who desire to achieve. The Excelsior Scholarship is the first of its kind in the nation and offers a tuition-free college education for middle class families. This proposal is a step in the right direction and creates a gateway of opportunity to help hundreds of thousands of students realize their dreams and achieve their full potential.”
Congressman Thomas Suozzi said, “Governor Cuomo has put forward a nation-leading plan to make college possible for hundreds of thousands of New York’s working- and middle-class families. By significantly increasing college access and affordability, we are setting generations of strivers up for success. For too long, the heavy burden of student debt has prevented New Yorkers from reaching their full potential – and with Governor Cuomo’s smart proposal, we are changing that once and for all. I commend the Governor for his leadership on this issue, and look forward to working together to realize more students’ dreams of higher education.”