Posted: Jun 17, 2010 11:51 AM by Greg Boyce
Colorado State University-Pueblo announced Thursday a commitment to pay tuition and fees for a significant percentage of full-time Colorado resident undergraduate students beginning in Fall 2011.
CSU-Pueblo's Commitment to Colorado program is a guarantee that full-time, resident undergraduates with a family adjusted gross income of $50,000 or less who receive a Pell grant will not have to pay tuition or mandatory student fees.
Beginning in Fall 2011, CSU - Pueblo will utilize a variety of federal, state, and institutional funding sources to cover 100 percent of the cost of base tuition and mandatory student fees for full-time Colorado undergraduate students who receive a Pell grant and have a family income of less than $50,000. That could be more than a third of the students.
To be eligible, a student must:
• Be admitted to CSU - Pueblo
• Be a Colorado resident for tuition purposes
• Enroll full-time in a fall or spring semester (not summer)
• Complete the required application process to receive College a Opportunity Fund stipend
• Be pursuing a first bachelor's degree
• Submit the Free Application for Federal Student Aid (FAFSA) by June 1, with March 1 being the priority submission deadline for State and Institutional aid
• File a 2011-12 FAFSA and be fully eligible for a federal Pell Grant
• Have no other grant need-based financial assistance that exceeds the cost of tuition and mandatory student fees
• Maintain satisfactory academic progress
• Have attempted no more than 150 credits
According to CSU-Pueblo President Joseph Garcia, researching the plan brought forth some startling statistics regarding the amount of need among the current population.
"I was struck by the extent of need among our student population after learning that the median family income (AGI) for undergraduate students at CSU - Pueblo who qualify for need based financial aid is $18,783," Garcia said. "That fact alone convinced me that our decision to fund this program to insure access was imperative given the increases in tuition the University has had to implement to counter the loss of state funding."
Garcia said the median family income for undergraduate students at CSU-Pueblo who apply for financial aid is $42,299, which means there is a significant gap between those who need and those who obtain financial assistance. More than 80 percent of the CSU-Pueblo student population receives some form of financial aid. CSU-Pueblo is one of the most diverse institutions in the state with a minority student population of nearly 40 percent.