New York to Offer Free College

New York just became the first state in the nation to make tuition free for middle class students at both two- and four-year public colleges.

Starting this fall, undergraduate students who attend a State University of New York or City University of New York school will pay nothing for tuition if their families earn no more than $100,000 a year. The income cap will lift to $110,000 next year and will reach $125,000 in 2019.

New York tuition currently costs $6,470 annually at four-year schools and about $4,350 a year at community colleges. Students will still be on the hook for fees and room and board if they live on campus. Those other expenses can add up to $14,000 a year.

Students must take 30 credits a year to receive the scholarship. Also, eligible students must live and work in New York for the same number of years they received funding. If they leave the state, their scholarship will be converted into a loan.

NY Governor Andrew Cuomo said in a statement: “Today, college is what high school was — it should always be an option even if you can’t afford it.”

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Full article:

http://money.cnn.com/2017/04/08/pf/college/new-york-free-tuition/index.html