How Aid is Determined
Financial need is the difference between the Cost of Attendance (COA) and the Expected Family Contribution (EFC). Financial Needs can be expressed as an equation:
COA minus EFC equals Financial Need (COA - EFC = Financial Need)
For each student, the COA, EFC, and Financial Need will be different. Financial aid is offered to help the student cover their financial need depending on specific qualifications and available funding.
The Cost of Attendance includes:
- Tuition & Fees
- Books & Supplies
- Medical & Dental Expenses
- Personal Expenses
The Colorado Commission of Higher Education determines the amount for each budget item. Tuition & fees are based on actual cost, and the other items are adjusted according to whether you live on-campus, off-campus, or with parents.
Please also note that the Cost of Attendance may not be exceeded once all federal, state, University, and private (outside) sources of financial aid has been considered. This includes all loans, grants, scholarships, and federal and/or state work study earnings.
A Consortium Agreement is a signed document by which an individual student is enrolled and receives financial aid at CSU Pueblo (home institution) while taking coursework at another institution (host institution). Since financial aid is only disbursed by CSU Pueblo, the agreement allows the student’s enrollment and costs at the host institution to count toward total financial aid eligibility.
Criteria for use:
- Coursework is transferable and counts toward degree at CSU Pueblo
- Student is PELL eligible
- Student is enrolled in 6 credits at CSU Pueblo
- Cannot be used for correspondence or remedial courses
- Student must provide proof on enrollment at the host institution
- Student is responsible for paying tuition & fees at the host institution
- No CSU Pueblo financial aid will process or be disbursed until after the drop/add period
- Consortium agreements must be submitted by the end of the drop/add period for the term in which the student is applying
College Opportunity Fund
The College Opportunity Fund (COF), created by the Colorado Legislature, provides a stipend to eligible undergraduate students. The stipend pays a portion of your total in-state tuition when you attend a Colorado public institution or a participating private institution. Eligible undergraduate students must apply at https://cof.college-assist.org, be admitted and enrolled at a participating institution. Both new and continuing students are eligible for the stipend. Qualifying students may use the stipend for eligible undergraduate classes. The stipend is paid on a per credit hour basis to the institution at which the student is enrolled. The credit-hour amount will be set annually by the General Assembly. Basic skills courses are not covered by COF. If COF tasks are not completed by the end of the semester, students will be responsible for payment of the COF portion as well as the student share.
To be eligible for COF students must not only be a Colorado resident and pursuing an undergraduate degree but must also apply, be admitted, enrolled and authorize the University to use COF through the student PAWS account. Students pursuing a second bachelor’s degree (Degree Plus) may also be eligible for COF and should contact Student Financial Services for more information.
All grants are listed on our webpage: https://www.csupueblo.edu/student-financial-services/grants.html.
The following are three common need-based funds.
Federal Pell Grant
The Federal Pell Grant amount is determined by the Expected Family Contribution (EFC) listed on the Free Application for Federal Student Aid and whether the student is enrolled full-time or part-time. Generally, Pell Grants are awarded only to undergraduate students. In some cases, students might receive a Pell Grant for attending a post-baccalaureate teacher certificate program.
Colorado Student Grant (CSG)
Generally the CSG is for full-time undergraduate students and is awarded to Colorado residents on the basis of financial need as determined by the Colorado Commission on Higher Education. Funds are provided by the Colorado General Assembly.
Federal Supplemental Education Opportunity Grant (FSEOG)
The FSEOG is designed to assist undergraduate students with exceptional need, targeted to Federal Pell Grant recipients and other exceptional need students.
Student Employment/Work Study
Work study provides part-time jobs to students. The program provides students with meaningful work experience, preferably related to their academic major. Students may use work study funds to supplement their income and help meet educational expenses. The program is funded by both the federal government and the Colorado General Assembly. The University annually employs approximately 650 students in the Student Employment program.
- Must be enrolled at the University as a degree-seeking student.
- Must be making satisfactory academic progress.
- Must enroll in and maintain six (6) credit hours for each term employed.
Colorado Work Study
The Colorado work study program is funded by the Colorado General Assembly. To be eligible, students must be undergraduate Colorado residents.
Students must complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility for work study. Students are selected for the program if qualifications are met and if funds are available. Generally students must demonstrate financial need, but the University is allowed to award a portion of the Colorado work study funds to students who have little or no financial need.
Federal Work Study
The federal work study program is funded by the federal government. To be eligible, students must demonstrate financial need.
Students must complete the Free Application for Federal Student Aid (FAFSA) to determine eligibility for work study. Students are selected for the program if qualifications are met and if funds are available. Students may work on campus or at off-campus community service designated sites and must be enrolled in undergraduate or graduate programs.
Prior to any federal education loan being processed by CSU Pueblo, the applicant must complete the financial aid application process.
Federal Direct Loans
The U.S. Department of Education administers several loan programs designed to offer low-interest funding to students and their parents who need to borrow money to cover the costs of education. Below is a summary of the loans available:
Direct loans are either subsidized or unsubsidized.
- A subsidized loan is awarded on the basis of financial need. The federal government pays the interest while the student is in school.
- An unsubsidized loan is not awarded on the basis of need. Students are charged interest from the time the loan is disbursed until it’s paid in full. If students allow the interest to accrues while in school or during other periods of nonpayment, it will be capitalized—that is, the interest will be added to the principal amount of the loan, and additional interest will be based on that higher amount.
The Federal Direct Loan Program is intended solely to aid students pursuing a degree in higher education. Students should borrow only the amount they believe is necessary to pay for educational costs. Keeping the amount of a loan at a minimum will ease repayment.
Student Loan Amounts
Federal Direct Loan interest rate is fixed. Borrowers will be notified of interest rate changes throughout the life of the loans.
|Annual Loan Limits for Direct Loans|
|Freshman Undergraduate Student|
|Dependent: $5,500–only $3,500 may be subsidized|
|Independent: $9,500–only $3,500 may be subsidized|
|Sophomore Undergraduate Student|
|Dependent: $6,500–only $4,500 may be subsidized|
|Independent: $10,500–only $4,500 may be subsidized|
|Junior or Senior Undergraduate Student|
|Dependent: $7,500–only $5,500 may be subsidized|
|Independent: $12,500–only $5,500 may be subsidized|
|Maximum Total Debt Allowed Undergraduate Student|
|Dependent: $31,000–only $23,000 may be subsidized|
|Independent: $57,500–only $23,000 may be subsidized|
Graduate students may borrow up to $20,500 (unsubsidized) each academic year. Aggregate limits are also higher.
Minimum Credit Hours Required to Receive Student Loans
Undergraduate 6 credits
Graduate 5 credit hours
Undergraduate 6 credits
Graduate 3 credit hours
Federal Direct Parent Loan for Undergraduate Students (PLUS)
PLUS enables parents who do not have an adverse credit history to borrow to pay the education expenses of each child who is a dependent undergraduate student enrolled in at least 6 credits. The interest rate is a fixed rate. Credit checks are conducted by the lender to determine loan approval. If the loan is denied the lender is responsible for notifying the parent (borrower).
The borrower (parent) must begin monthly payments of a Federal Direct (PLUS) loan 60 days after the final disbursement of a loan or borrowers may choose to defer payments until 6 months after the date the student ceases enrollment In at least 6 credit hours.
To be considered for University grant and scholarship aid, students must complete the University Scholarship Application. Also, Student Financial Services administers a number of private scholarships funded by individuals, foundations, agencies, and organizations. All CSU Pueblo students may apply on-line at our webpage: http://www.csupueblo.edu/student-financial-services/Scholarships for institutional scholarships by submitting an institutional application by the March 1 deadline. Recipients are selected by various committees.
Students are encouraged to visit: http://www.csupueblo.edu/student-financial-services/Scholarships for more information about scholarship searches or visit Student Financial Services in Administration Building, Room 212.
Impact on Financial Aid
As a direct resource, scholarships are part of the student’s financial aid package. If the student’s financial need is already met at the time of scholarship notification, other aid may be reduced or cancelled or the donor may cancel the scholarship. PELL grants are never reduced as the result of a scholarship.
Military & Veteran Success Center
Colorado State University Pueblo Military and Veteran Success Center (MVSC), located in OSC 114, telephone (719) 549-2910, assists all students to reach their educational goals while serving our country as well as those who have served transition to new opportunities in completion of educational goals. The MVSC is here to assist veterans, active duty and their families on educational benefits, advising, tutoring, mentoring, financial assistance, and career planning as it relates to military education benefits.
The MVSC serves as the intermediary between students and the Department of Veteran Affairs (DVA). All students utilizing VA education benefits: Chapters 30, 31, 32, 33, 35, 36, 1606, and 1607 are required to contact the MVSC. All students utilizing VA education benefits must submit a current schedule every semester for certification.
Military Tuition Assistance
The process for utilizing military tuition assistance (TA) varies per branch. If assistance is needed in utilizing TA contact at the MVSC or your base education center before starting the semester. First time users must attend brief through their prospective education services office/officer to begin using benefits. For more information, please visit the MVSC website: https://www.csupueblo.edu/military-and-veteran-success-center/, call (719) 549-2910 or email email@example.com
The MVSC can provide students information on various scholarships for veterans, active-duty, National Guard and Reserve, and family members.
VA work-study employment is available to any VA education recipient who is enrolled at three-quarter time or more. Students may obtain employment at any VA approved facility. Interested students should contact the MVSC.
Veterans Resource Center (VRC)
The VRC’s mission is to streamline the military to civilian transition and increase student veteran success at CSU Pueblo. The VRC offers a wide range of programs and incentives for all veterans, active duty, and benefit drawing dependents including: peer based mentoring, faculty based mentoring, veteran to veteran tutoring, veteran based tours and orientation, free textbook library, full kitchen with free coffee, PC use, printing and big screen TV. Contact us at (719) 549-2910 or email: firstname.lastname@example.org.
Last Date of Attendance
The Military and Veteran Success Center processes VA benefits for CSU Pueblo students each academic year. As part of regulation (Section 21.4203 of Title 38) Subsection (d), the Department of Veterans Affairs requires the institution to determine if a student is eligible to receive VA benefits. This regulation requires students to meet all eligibility requirements. This includes student enrollment and participation in all courses for which he/she has been certified for. When a student withdraws from one or all courses during the term or if the student is awarded a non-passing grade (F), as an institution, we are required to document that the student did participate in any or all courses for which he/she received VA Benefits, and to document the last day that the student attended/participated. (Please see section Last Date of Attendance on page 51 for further details.)
Bureau of Indian Affairs
Students, who identify as American Indian, Eskimo or Aleut, and are recognized by a tribal group served by the Bureau of Indian Affairs, may apply for a BIA grant. The amount awarded is based on financial need and availability of funds from the area agency. For additional information, write to: Scholarship Office, U.S. Department of the Interior, Bureau of Indian Affairs, P.O. Box 370, New Town, ND 58763 or visit with your tribal groups Educational Advisors.
Students who are graduating, totally withdrawing, dropping/withdrawing below 6 credits of enrollment, or otherwise not returning to the University for any reason must complete Exit Counseling if they have ever borrowed any federal loan from any educational institution. Exit Counseling is completed online at www.studentloans.gov. (Students seeking information about repayment options, grace periods and consequences of not repaying a student loan can visit Student Aid on the web at www.studentaid.ed.gov or contacting their lender).