New York State Achievement and Investment in Merit Scholarship (NY-AIMS)
The NYS Achievement and Investment in Merit Scholarship (NY-AIMS) provides merit-based scholarships to NYS high school graduates who achieved academic excellence as a high school student, and enroll or plan to enroll in a public or private NYS college immediately after high school.
An applicant must:
- be a legal resident of NYS and have resided in NYS for 12 continuous months;
- be a U.S. citizen or eligible non-citizen;
- graduate from a NYS high school in the class of 2016;
- enroll full time as a first time student in an eligible NYS college for the fall 2016 term; and
- have achieved at least two of the following during high school:
- have graduated with a grade point average (GPA) of 3.3 or above;
- have graduated “with honors” on a New York State Regents diploma or received a score of 3 or higher on two or more Advanced Placement (or AP) examinations;
- have graduated within the top 15% of his or her high school class.
A recipient receives an annual award of $500.
Up to 5,000 awards will be granted to new recipients for the 2016-17 academic years. The number of awards to be made under this Program is subject to available funding.
Note: Any award payment received may have tax implications. Any questions regarding this should be directed to a tax professional, the Internal Revenue Service, or the NYS Department of Taxation and Finance.
An award recipient is entitled to an annual award for not more than four years of undergraduate study, or five years if the program of study normally requires five years.
How to Apply
The application deadline for the 2016 New York State Achievement and Investment in Merit Scholarship (NY-AIMS) has passed.
For the 2016-17 academic year, recipients will be selected and prioritized based on the unmet need as reflected on the financial aid award letter of the colleges they attend. Unmet need is defined as the cost of attendance less federal and state aid awarded, institutional aid, and the federal expected family contribution. Awards will be granted to those with the greatest unmet need, in descending order. In the event of a tie, recipients will be selected using a lottery method.
Except in the event of a school closing, a recipient is ineligible to receive award payments if he or she (a) fails to attend the college used to establish his or her eligibility or (b) transfers from the college used to establish his or her eligibility before earning a degree. However, a recipient who has earned an associate’s degree and who enrolls immediately in a four or five year undergraduate program will continue to receive his/her award.
A recipient is not required to submit another NYS Achievement and Investment in Merit Scholarship (NY-AIMS) Web Application once awarded this scholarship, but must complete the Free Application for Federal Student Aid (FAFSA) and the Payment of State Grants, Scholarships and Awards Application each year to receive payment.
Awards will be disbursed directly to the college and may be used to support the recipient’s expenses while in college.