STEM School Highlands Ranch

Skip to main content
Educational Support » College and Career Planning » Colorado Opportunity Fund

Colorado Opportunity Fund

 

College Opportunity Fund (COF) Stipend

Overview

The College Opportunity Fund program provides a stipend for new and continuing in-state students going to college in Colorado. To receive the stipend, a student must apply for and authorize the use of the stipend at their respective institution. The stipend replaces traditional direct legislative appropriations to the state’s colleges and universities. Without the stipend, a student is responsible for the full amount of tuition which equals in-state tuition plus the stipend amount.

 

The goal of the COF program is to bring awareness to Colorado resident students that state funds exist to help finance their college education and improve access with a particular emphasis on higher education/K-12 linkages and strengthening accountability.

 

 

Applying for COF

Student Eligibility

Public Institutions

Undergraduate students at participating public institutions may receive a stipend from the College Opportunity Fund if they meet the following requirements:

  • Enrolled at a state institution of higher education
  • Classified as an in-state student for tuition purposes
  • Have applied for and been accepted into the COF program
  • Have requested a payment from the COF on their behalf to their attending institution
  • Are receiving undergraduate instruction
  • Have not exceed their lifetime credit-hour limitation (145 credit hours) or have already completed their baccalaureate degree and are eligible to receive stipend payments for an additional 30 undergraduate credit hours
 

Private Institutions

COF: 2008 Request For Information

Undergraduate students at participating private institutions may receive a stipend from the College Opportunity Fund if they meet the following requirements:

  • Classification as an in-state student for tuition purposes (CRS 23-18-102 (5)(a)(II)(A)
  • A graduate of a Colorado high school or has successfully completed a nonpublic home-based educational program (CRS 22-33-104.5)  Private institutions may choose to accept the GED test as equivalency for the high school diploma based on Commission policy. 
  • Demonstrate a financial need through the student’s eligibility for the Federal Pell need based program. (CRS 23-18-102(5)(a)(II)(C))
  • Receive undergraduate instruction  and have not exceeded the 145 credit hour limit or have completed a baccalaureate degree and are eligible to receive stipend payments for an additional 30 credit hours. (CRS 23-18-202-(5)(c)(I))
 

ASSET – Undocumented Students

In March 2013, the Colorado General Assembly passed Senate Bill 13-033, often referred to as the Colorado ASSET legislation. This legislation modifies several procedures concerning the classification of students for tuition purposes. The Colorado Department of Higher Education is in receipt of many questions from campus and school administrators regarding the ways in which Senate Bill 13-033 will be implemented, the changes it makes to current state law, and the ways in it affects existing administrative procedures. This document is intended to serve as a general reference for commonly asked questions concerning SB 13-033. This guidance will be revised as new, unique questions are received by the Department of Higher Education.