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The Tuition Assistance Program, better known as TAP, is an aid program that helps New York State residents going to college with their tuition. To become eligible for TAP, students must be United States citizens and New York State residents. With the TAP award, a student can earn from $500 to $5,000.
New York State's Excelsior Scholarship provides in-state, public college tuition for residents whose families earn below a set annual income cap: $100,000 in 2017.This amounts to an annual savings between $4,000 and $6,500, depending on whether the student attends a community college or a four-year school.
And after graduation, they're required to work in New York for a set number of years, based on how many years they received free tuition. Roughly 940,000 families would be eligible for the ...
Exterior view of the New York state Capitol as seen from the steps of the New York state Education Department Building Wednesday, Feb. 13, 2019, in Albany, N.Y.
Subsidized loans generally defer payments and interest until some period (usually six months) after the student has left school. [55] Some states have their own loan programs, as do some colleges. [56] In almost all cases, these student loans have better conditions than private loans. [57]
Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government and many lenders. If you live in New York, you already ...