City Council Speaker Melissa Mark- Viverito and Councilmember Paul Vallone announced the reestablishment of the City Council CUNY Merit Based Scholarship.
In the Fiscal Year 2015 (FY15) budget passed by the City Council on June 25, one of the new initiatives being funded was born from the spirit of Councilmember Paul Vallone’s initiative to restore the Peter F. Vallone Scholarship. Slashed from the budget by former City Council Speaker Christine Quinn in 2011, the Peter F. Vallone Scholarship provided thousands of CUNY students with financial relief. The restored scholarship program once again provides that critical assistance to our students.
The City Council CUNY Merit Based Scholarship is being funded at $11.1 million, which will allow for roughly 13,500 studentswhomaintainaBaverageor above to receive about $400 per semester towards their CUNY education. For many students and their families, this scholarship will provide necessary financial relief to alleviate the burden of paying for tuition, textbooks and other costs that a college education incurs.
“I applaud our speaker and every member of our city council for fully supporting this critical initiative,” said Vallone. “By restoring the city council CUNY Merit Based Scholarship, we have once again issued a challenge to every student in New York City. If you make the commitment to be the best student you can be, then we will stand with you as we open the doors to a college education together. Now we have restored the hopes and dreams of every student to obtain a quality education.”
“It’s hard to express in words my gratitude to the speaker, my son, Paul, and all his colleagues on the council for restoring this landmark scholarship,” said former City Council Speaker Peter F. Vallone. “The best thanks comes from the thousands of young scholars who now can be the best they possibly can be, and change this city and world for the better!”