Albany, NY (WBEN) - Governor Andrew Cuomo today announced that the State will increase funding for the maximum Tuition Assistance Program (TAP) award.
Cuomo's office says that with this increase, New York State has allocated more than $1 billion for grants and scholarships for students who pursue higher education in the State. Last year, TAP served nearly 400,000 students across the State. This will be the first time in 14 years TAP has increased its funding.
“New York was built on the promise of opportunity for all, and with this dramatic increase in the Tuition Assistance Program we are helping hundreds of thousands of students pursue world-class educational opportunities,” Governor Cuomo said in a statement. “TAP helps to make college more affordable for students across the State, and as we mark its 40th anniversary, I am proud that New York is investing in our future leaders by raising the level of grants and scholarships to a record $1 billion.”
The maximum TAP award is now $5,165, available to New York State residents who attend any public or private college or university in the State. This represents a $165 increase in the maximum award, from $5,000 per student since 2000.
Additionally, students who qualify as an orphan, foster child or ward of the court for the purposes of federal student financial aid programs will now be considered dependent students for the purpose of determining their TAP awards, making them eligible for the maximum award. This means some of the highest-need students will receive an additional $2,140 per year.