If you attend a public college or university:
Undergraduate students enrolled at state colleges and universities are eligible if they are classified as in-state students for tuition purposes.
If you attend a participating private college or university:
Undergraduate students enrolled at participating private colleges or universities may be eligible if the college or university is approved for the program by the Colorado Commission on Higher Education and the student:
Is classified as an in-state student for tuition purposes;
Is a graduate of a Colorado high school or has successfully completed a non-public home-based educational program in Colorado;
Financially eligible by demonstrating financial need through the student's eligibility for the federal Pell Grant, or its successor program;
Is not pursuing a professional degree in theology; and
Meets any other eligibility requirements established by the Colorado Commission on Higher Education (CCHE).
Note: "Eligible Undergraduate Student" does not include a student enrolled in an off-campus, extended campus, or continuing education class not supported by state general fund moneys, except as approved by CCHE.
"Stipend" means the amount of money per credit hour paid by the state of Colorado on behalf of an eligible undergraduate student who is attending a state or a participating private college or university in the state of Colorado. The first time an eligible undergraduate student received a stipend was for the fall semester of the 2005-2006 academic year.
The specified amount of the stipend per credit hour is set annually by the Colorado General Assembly. The amount will never exceed the student's total in-state tuition. The value of the per credit hour stipend will be the same for each eligible undergraduate student regardless of the state college or university the student attends.
If an eligible undergraduate student attends a participating private college or university in the state of Colorado, the per credit hour amount is fifty percent (50%) of the annually set stipend amount.
Total stipend hours per student, per semester, are determined by the school and reported to the College Opportunity Fund (COF). COF matches student information with Stipend Application Account information in its database (the information you provide when creating a stipend account) and disburses the stipend amount directly to colleges and universities on behalf of those eligible undergraduate students identified by the school.