Increases the income cap for purposes of the Excelsior scholarship

This bill raises the income limit for the Excelsior scholarship in New York State from $125,000 to $150,000 for academic years starting in 2026-2027 and continuing forward. The scholarship provides financial assistance to students pursuing undergraduate degrees at public New York colleges and universities who meet specific enrollment and credit completion requirements. By increasing the income cap, the bill allows more middle-income families to qualify for the award, which is calculated based on the combined adjusted gross income of the student and their parents or spouse. The change applies to all future applicants without altering other eligibility criteria such as credit requirements or enrollment standards.