According to a press release from Governor Andrew Cuomo’s office, Cuomo, along with Senator Bernie Sanders, unveiled a plan to offer free tuition at SUNY and CUNY two- and four-year colleges.

Under this first-in-the-nation plan, the Excelsior Scholarship, families and individuals making up to $125,000 per year would qualify to attend college tuition-free at any state university or college.  Student loan debt continues to soar nationwide and is the second largest source of consumer debt. In 2015, the average student loan debt in New York was $29,320.

This program’s goal is to alleviate the increasing burden of student debt and enable thousands of New Yorkers to realize their dream of a college education.