FINANCIAL AID POLICIES HANDBOOK
CC Financial Aid & You: Partnership for Success
Many families are able to afford Colorado College by utilizing a combination of grants, modest loans, student work opportunities, and family resources. We offer advice on budgeting, parent loans, and other financial options for all families.
CC meets 100% of demonstrated financial need based on FAFSA and CSS Profile. The Net Price Calculator below gives an estimate based on information you provide. We welcome students and parents to call and schedule a time to talk through their net price calculator results or any other financial aid concerns you may have.
Calculation of Financial Aid Eligibility:
Cost of Attendance
The following are the costs of attendance that we use to calculate final financial aid awards for students attending Colorado College during the academic year 2019-20. The college requires all students to be enrolled full-time.
|Fixed Direct Charges||Academic Year 2019-20|
|Housing Allowance||$7,756||Based on a double room in residence hall (cost of attendance does not increase for more expensive housing options)|
|Meal Allowance||$5,200||Based on meal plan B|
|Student Activity Fee||$474||This pays for all activities funding through CCSGA|
|Estimated Expenses||(based on averages for a 9 month period)|
|Books and Supplies Allowance||$1,240|
|Misc. Allowance||$1,318||Personal expenses|
|Transportation||$1,160||2-3 trips home a year|
|Total Estimated Costs||$75,234|
|Additionally, all students are required to have health insurance while attending Colorado College and to provide annual proof of coverage either through a family health insurance plan or through the CC Student Health Insurance plan. More information is available with our Student Health Center|
*The college’s actual annual cost of educating a student at Colorado College is higher than our tuition. However, income from our endowment and from gifts and grants subsidizes that amount, even for students who do not receive financial aid. For students eligible for financial aid, scholarship and grants further reduce the costs to students and their families.
The room allowance reflects the charges for a standard double room in a residence hall.
- For students living at home in the Colorado Springs area, we use a living expense allowance of approximately $7,350 in place of the regular cost of attendance amounts for room and board, personal expenses, and transportation. Students may receive an adjustment for book costs that exceed the book allowance based on sufficient documentation to the financial aid office.
Colorado College requires that all students either participate in the college’s health insurance plan or have comparable medical insurance. It is our expectation that students who are already covered by their family’s insurance will continue to be covered by it. The entire insurance cost for the academic year will be billed to the first semester charges for students who wish to subscribe to the college’s health insurance plan instead.
Upon individual request the financial aid office can add computer costs to the cost of attendance one time over a student's time at CC. It is not the college’s policy to use institutional resources to fund this computer allowance, but students may use federal aid eligibility and outside scholarships to meet the computer allowance costs.
- We generally limit the computer cost adjustment to an allowance of up to $2,500. The allowance is not granted in the student’s final semester. We increase the cost of attendance up to $2,500 with appropriate documentation that the student or family has expended or will expend funds for purchase or rental of the computer equipment.
- Final documentation of the purchase or rental is required in all cases. We consider the computer cost of attendance adjustment for costs incurred within six months of the request for the allowance. Computer equipment is defined broadly to include desktop or laptop systems, monitors, printers, cables, peripheral devices, and some software.
For students who are not required to provide parental information per federal regulations, the cost of attendance we use may reflect adjustments to the standard allowances to accommodate these circumstances.
Office of Financial Aid & Student Employment
Fax: (719) 389-6173
14 E. Cache La Poudre St
Spencer Center, 1st Floor
Colorado Springs, CO 80903
Hours of operation: Mon - Fri, 8:30am-5:00pm