FINANCIAL AID POLICIES HANDBOOK 2015-2016
Colorado College Grants and Scholarships
If a student’s financial aid eligibility and admission credentials qualify the student for a CC affordability plan, and if the student has financial eligibility remaining after we award self-help aid, Pell Grants, Supplemental Educational Opportunity Grants (SEOG), and state grants, the college will attempt to meet any remaining eligibility with Colorado College grants, scholarships, and endowed funds that we administer. The college makes a significant commitment with these funds to implement the goals of our financial aid program. Students must be enrolled full time (three blocks per semester) to qualify for CC grants, scholarships, and endowed funds.
Colorado College maintains its financial aid program for students based on the generous support we receive from donors to named endowed and gift scholarship funds, many of which were established by alumni, family, and friends of the college. We often award Colorado College Grants in a student's initial financial aid award, but then replace these generic grant funds at a later date with funds from a specific named endowed or gift scholarship fund. The college will notify students during the academic year that part or all of the CC financial aid award was made possible through funds from a specific named endowed or gift scholarship fund. Some of these endowed and gift scholarship funds have restrictions, but students typically do not apply for specific CC grants and scholarships. Students who apply for financial aid are automatically considered for all available CC grants and scholarships. If a student receives a CC named endowed or gift scholarship fund as part of the their financial aid award, the development office will notify the student about writing a letter of appreciation to the donors of the scholarship and attending any scholarship donor events. These are an expectation of the grant or scholarship and are important in showing appreciation for making our financial aid program possible.
International Student Book Scholarship
After several years of research and review, changes have been made to the awarding of book scholarships. This change in policy allows you to use the full amount of aid you were awarded and addresses other key issues such as tax implications and equity among students. In light of this change, the amount of CC International Student Grant you have been awarded includes an increase for the amount of book scholarship - money you would have been awarded or were eligible for in the past as a separate award.
Beginning with the 2015-2016 academic year, all International Student grants that have been awarded to returning students will be credited first to the student’s account to offset the appropriate amount of charges. This means there will not be a book credit at the CC bookstore for returning students and all grant aid will be credited directly to your student accounts. The first bill for the 2015-2016 academic year is scheduled to be sent to you electronically the end of July. If the grants do exceed your billed expenses, you will be eligible to receive a refund of this amount to help with costs associated with your books, personal, miscellaneous and other non-billed/indirect expenses. If your total aid will exceed your billed expenses, you may contact our office the first part of August to request a small advance to assist you with paying for books for the first two blocks. If you are eligible, advances requested by August 7th will be issued by the first day of the 2015-16 academic year, Monday August 24th. Full refunds for all semester are scheduled to be issued on Friday, September 4th.
Also, your financial aid award includes an increased expectation from work, to reflect an equitable self-help requirement among all students, as well as an increase to your International Student Grant.
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 - 5:00pm