Student Loans for University of Colorado Boulder Students
About Colorado Financial Aid Program
The University of Colorado system has a strong reputation as a quality network of institutions of higher education, and its flagship school at Boulder is recognized as a Public Ivy. CU’s academic reputation is enhanced by a strong Financial Aid program, which receives support from both state and federal governments.
Colorado financial aid is a defining part of the university, as the University of Colorado is committed to meeting the financial needs of all students and attracting a socioeconomically diverse student body. CU’s commitment to financial aid helps ensure that students who attend the University of Colorado come from a variety of backgrounds. CU is resourceful enough to offer Financial Aid to the vast majority of students who attend its various branches, in state and out-of-state students alike. In-state students are likely to receive less financial aid than out-of-state students, as the cost to attend a CU school for in-state students is half the cost of attendance for an out-of-state student. International students rarely qualify for financial aid, unfortunately, and must rely on their own resources for funding. CU is able to offer a variety of merit and athletic-based awards, and students who are good enough to play on varsity teams are often able to earn full scholarships to support their studies.
Colorado Financial Aid Packages and Student Loans
Colorado Financial Aid Packages will include several forms of aid, namely scholarships, grants, work-study programs, and federal loans. The CU Promise program is a notable initiative for low-income, in-state students that provides a combination of grants, scholarships, and a work-study program to cover the remainder of tuition after in-state students receive funds from the College Opportunity Fund, or COF, which in-state students can apply for through their CU school’s website. Colorado financial aid packages for all other students are similar to those of any other school: scholarships, as well as federal, state, and institutional grants are awarded on the basis of financial need, while work-study programs are encouraged and federal loans are included as a final form of aid in a Colorado Financial Aid package.
Frequently Asked Questions
Q:Does the Colorado scholarship program include scholarships given for sports?
A:The University of Colorado has a sound financial assistance program that meets the financial needs of students. The Colorado scholarship programs can be explored online. Scholarships are given on need-basis and merit-basis, which does include athletic achievement. Those students who make it to the varsity teams may receive full scholarships as well.
Q:Do I need to apply for Colorado financial aid every year?
A:Students are required to apply for Colorado financial aid every year. In the case of need based awards, students must demonstrate financial need by filling out the FAFSA (Free Application for Federal Student Aid) form. And in case of academic accomplishments, students must adhere to SAP (Satisfactory Academic Progress) guidelines.
Q:Is it true that since University of Colorado financial aid is generous, a number of other aid such as Perkins loans are not available?
A:Fortunately, this is just a baseless rumor. No matter how impressive an institution’s financial aid program may be, the option of federal lending is always available.
Q:Is it necessary to fill out a FAFSA application to apply for University of Colorado Boulder financial aid packages?
A:Yes, it is important that you fill out the FAFSA when applying for financial aid, as it determines your need. The various aid programs you can apply for include federal grants, scholarships, loans, and work-study programs. You must provide financial information about your income (if any), taxes, and previous loans. This application is available at fafsa.ed.gov.
Pay for University of Colorado Boulder*
|Total Avg. Cost||$46,729|
|Room & Board||$11,280|
|Financial Aid Information|
|Students Receiving Fin Aid||52%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$16,754|
|%Receiving Other Loans||5%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics