Excelsior University is a private online university in Albany, New York. It offers undergraduate and graduate degrees and comprises three schools: the School of Undergraduate Studies, the School of Graduate Studies, and the School of Nursing. It serves mostly non-traditional, adult working students through their distance education programs. History Excelsior College was founded in 1971 by the New York State Board of Regents as its external degree program, known as The Regents External Degree Program (REX). The initial development of the program was funded by major grants from the Ford Foundation and the Carnegie Corporation. Known as Regents College from 1984 through 2000, it operated as a program of the Board of Regents (which also served as its board of trustees). In April 1998, the Board of Regents granted the school an absolute charter to operate as a private, nonprofit, independent institution. On January 1, 2001, Regents College, required to change its name under the terms of the separation, became Excelsior College (Excelsior means "ever upwards" in Latin; it is also the motto of the State of New York). Excelsior College changed its name to "Excelsior University" on August 1, 2022. Academics History (Regents College) Excelsior, originally Regents External Degrees and later Regents College because it was directly administered by the New York State Board of Regents, was from its inception a college that had faculty, majors, academic requirements, and advisors, but no courses. It provided a framework for evaluating and assembling academic credits into a degree program. In some cases a degree was awarded almost immediately after application, if the student had already met all degree requirements. For students needing additional academic credits, Excelsior provided some through its Excelsior College Examinations. For other subjects, through human advisors and online tools Excelsior referred students to regionally-accredited colleges which provided the needed instruction, accessible from the student's location whenever possible. This was done with sufficient rigor that Excelsior had no difficulty in obtaining accreditation. However, Excelsior students did not qualify for Federal Student Aid, which funded instruction, not the advising and evaluation Excelsior provided. Starting with its first graduate program, a Master of Arts in Liberal Studies that began in 1998, Excelsior began adding courses, delivered at a distance through various modalities, such as DVDs. Since Excelsior was designed to consolidate credit from other universities, any transfer credit from an accredited institution is accepted, if the course falls within one of