Colorado Financial Package
Description
How to fill out Financial Package?
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FAQ
A financial aid package is the total amount of financial aid (federal and nonfederal) a student is offered by a college or career school. The school's financial aid staff combines various forms of aid into a "package" to help meet a student's education costs.
In most cases, your child's school will give you your loan money by crediting it to your child's school account to pay tuition, fees, room, board, and other authorized charges. If there is money left over, the school will pay it to you.
You may see three different types of financial aid listed on your financial aid offer?grants and scholarships, loans, and work-study. Scholarships and grants are the best types of financial aid because they do not have to be paid back. Loans are borrowed money that may accumulate interest and must be repaid.
To qualify for financial aid you must: Be Admitted to a Degree-Seeking Program. Apply for Aid & Complete All Requirements. Enroll at Least Half-time Each Semester. Maintain Satisfactory Academic Progress.
The aid will be automatically applied to your tuition bill. If there is any remaining financial aid left over, you may set up a direct deposit within your school financial aid portal to receive a deposit straight to your bank account after tuition has been paid.
Colorado College costs $30,200 after scholarships and grants, with 40% of students receiving financial aid and an average aid package of $63,759. Financial aid applications are due March 1.
Your financial aid package is likely to include funds from the federal student aid programs but may also include funds from state and institutional aid programs. Note that not all colleges participate in all federal student aid programs.
The financial aid staff starts by deciding upon your cost of attendance (COA) at that school. They then consider your Expected Family Contribution (EFC). They subtract your EFC from your COA to determine the amount of your financial need and therefore how much need-based aid you can get.