Oh, please. I think that’s bunk (reducing salaries). First, you know how many jobs there are in NYC? A lot. I have worked my entire career in NYC. I haven’t wanted to leave because a) this is where I’m from and I like it here, and b) I’m raising my family here. I never had to tell an employer that I can’t or won’t leave the state. Second, Excelsior students CAN leave the state, and their scholarship will convert to a loan. If a student is offered a high-paying job in Silicon Valley taking the loan would be worth it. They can also use it in negotiations if the company out of NYS is heavily recruiting that person.