FINANCIAL AID POLICIES HANDBOOK 2016-17
Changes In Financial Aid Awards
The following situations may cause a revision in the original award and should be reported to the financial aid office promptly. Changes in awards are subject to availability of funding.
Change in enrollment status. If a student drops to less than full-time enrollment (less than three blocks in one semester), eligibility for continuance of aid will be reviewed. Proration is based on a students enrollment and charges will be adjusted accordingly.
Change in marital status. Such a change may affect the calculation of financial aid eligibility, but federal regulations do not permit a change to federal forms for student marital status if that status changes after the student has filed the FAFSA.
Change in other financial assistance. Aid received from sources outside Colorado College (community, company, private agency, gifts, etc.) can influence the financial aid award if it exceeds the student’s federal eligibility. (See Outside Scholarships)
Change of residence. A change from living in the residence halls or in an apartment off campus to living at home with parents or vice versa has an impact on the student’s costs. Only if a student changes residence to living at home or vice versa will the student need to contact the financial aid office. The budget for students living off campus in apartments is the same as it is for students living in residence halls or other on-campus facilities, so there is no change in the award in these cases.
Changes due to verification. Significant corrections in any student’s original information may cause a change in the award. In these cases, a revised award may be necessary to remain within a student’s eligibility. (See Verification)
Other changes in family financial information. Family emergencies such as job loss or death of a parent may necessitate review of an award. (See Appeals)
Awards are reviewed each year and based upon the application submitted. If data changes year to year, so will financial aid.
Contact the Financial Aid Office
800-260-6458 or 719-389-6651
Spencer Center, 1st Floor
14 E. Cache La Poudre St.
Colorado Springs, CO 80903
Hours of operation:
Monday - Friday,
8:30am-12:00pm & 1:00pm-5:00pm