Allows a portion of Excelsior Scholarship awards to cover room and board expenses.
The bill amends the education law to allow a certain portion of Excelsior Scholarship awards to be used for room and board expenses. These awards are granted to eligible applicants based on availability of funds. The combined benefits of all awards, including tuition assistance and federal Pell grants, cannot exceed $5,500. The bill specifies that the tuition charged to scholarship recipients should not exceed the rate set for the 2016-2017 academic year, with adjustments for subsequent years.
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