Grants are financial aid awards that, unlike loans, do not have to be repaid. Grants may be used for tuition, fees, books, room and board, and other miscellaneous educational expenses. Students who complete the FAFSA are automatically considered for grants. Grants are awarded based on financial need as determined by the FAFSA. The Financial Aid Office will evaluate eligibility and notify students of their awards with an Award Letter.
* To be considered for these funds, you must apply by March 1st. Funding levels are dependent upon federal, state, and institutional funding allocations.
** You must be classified as a Colorado Resident (not for tuition purposes). Those special populations such as Active Duty, Honorably Discharged Military, CO National Guard, Olympic Athletes, WUE, and WRG that receive an in-state or reduced tuition charge will not be considered for these state funding opportunities.
Federal Pell Grants are awarded to undergraduate students who display exceptional financial need and have not earned a bachelor's, graduate, or professional degree. (In some cases, a student enrolled in a teacher certification program might receive a Federal Pell Grant.)
Pell Grant award amounts will vary depending upon the student’s EFC. The EFC is an estimated measure of how much the student and his/her family are able to contribute towards the educational expenses for the current academic year. The federal processor uses the information reported on the FAFSA to calculate the EFC using a formula specified by law.
Students must be enrolled full-time (12 units or more) to receive a full-time disbursement of the Pell Grant for each term. If the student is enrolled less than full-time, the disbursement will be reduced at the time of disbursement. At the end of the drop/add period (census date) any enrollment changes may result in an increase or decrease of a Pell grant disbursement. A decrease in eligibility may result in a bill.
In accordance with 34 CFR 690.64, which allows schools to determine which award year to assign crossover payment periods, Federal Pell Grant awards are packaged as follows:
2020-2021 and 2021-2022 Award Year Crossovers
Semester start dates of May and June 2021 will be packaged with any remaining 2020-2021 eligible funding for any students not enrolled at least half time. Any students enrolled at least half-time will be awarded in accordance to the regulations of Year Round Pell.
On May 5, 2017 the Department of Education Appropriations Bill passed and allows students who are Pell eligible to earn 150% of a yearly Pell grant for a given award year. Once a student has received 100% of their yearly Pell eligibility, they may receive an additional 50%, provided they enroll at least half-time in the third semester.
General Eligibility Requirements:
Must have been awarded a Pell Grant for the current academic year
Must have used the full-time annual award amount for Fall and Spring. Students who did not utilize their full-time annual award amount must exhaust their remaining annual limit before being eligible for the additional Pell Grant
Must have remaining Lifetime Pell Grant eligibility
Must be enrolled and attend a least half-time (six credit hours)
Federal Pell Grants are disbursed for each semester starting ten days before the official first day of classes based on their enrollment status at the time of disbursement.
Grades are also checked at the end of each semester to verify that a student earned a passing grade for that course. If a student has been assigned an F grade with the notation that the student never attended the class, the student’s Federal Pell Grant will be reduced to the award amount without that course included.