he is Tuition Assistance Program (TAP) one of the financial assistance plans to help vulnerable communities to complete a university degreefrom now on you will have more money in New York.
Based on the 2025 state budget, the minimum TAP grant is increased, from $500 to $1,000.
In addition, an increase in the net taxable income (NTI) limit of dependent students for eligibility for TAP from $80,000 to $125,000, NTI limit for married independent students from $40,000 to $60,000 and the NTI limit for single independent students from $10,000 to $30,000.
These changes are considered to be beneficial around 93,000 students from public and private colleges and universities, including 48,000 students who are newly eligible for this benefit.
Since its creation in 1974, it has almost given $30 billion to help more than 6 million New Yorkers attend college.
“We are taking important steps to ensure that all students are NYaccess to the financial support they need, to continue their education and become the next generation of leaders in our state,” announced the Governor Kathy Hochul.
More opportunities to graduate
The state president released the Report from New York State TAP Differences, which highlights the important role played by this tuition assistance program, to expand college access, increase graduation rates, and promote educational equity. Especially among low-income families and first-generation college students.
Among the findings of this study, it was stated that TAP beneficiaries, they were more likely to graduate and earn a bachelor’s degree within six years, compared to students who did not receive this funding.
It was also found that TAP beneficiaries, twice as likely to start college, at an institution in four years and are twice as likely to complete their education in this time.
Likewise, that was found more students under the umbrella of this benefitstill in academic institutions in the state of New York, with the greatest difference between transfers up from a school of two years to four years old.
Another benefit of this college aid plan is that the beneficiaries saw a reduction in the gap in six-year completion rates, between disadvantaged and advantaged subgroups.
“Thousands of our students will benefit from this historic expansion of TAP. The strong financial aid program is more important than ever to the ability of New Yorkers, from all backgrounds to pursue their educational goals.”said Felix V. Matos Rodriguez, rector of the City University of New York (CUNY).
Who is eligible?
- Be a legal resident of New York State for 12 consecutive months. Be a US citizen, although some categories are “non-citizen” eligible.
- Those who have graduated from a high school in the United States or have earned a high school equivalency diploma by passing the GED. Apply for a federally approved “Eligibility for this Benefit” test, as defined by the New York State Department of Education.
- Students at an approved post-secondary institution in New York State.
- Be enrolled in a program of study and have good academic standingwith at least a “C” average, after payingfor the fourth semester.
- Full-time students who have taken twelve or more credits related to the degree program, each semester.
- You will be paid at least $200 in tuition each year and must meet income eligibility limits.
- It is necessary don’t be by default no state or federal student loans.
- Compliance with terms a any terms of service that may apply with a New York State award.
The data:
- 60 percent of TAP beneficiaries for the 2013 and 2014 academic years they completed their four-year degrees in six years, compared to 26 percent who did not receive this funding.
2024-05-07 10:01:00
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