Saturday, September 19, 2015

Colorado scholarship programs can now apply for matching funds

Colorado scholarship programs can now apply for matching funds - Denver Business Journal Caitlin Hendee Digital Producer / Social Engagement Manager Denver Business Journal

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New Colorado higher-education rules allow state to match scholarships

Initiative puts CU Denver students to work on Lakewood projects

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The Colorado Opportunity Scholarship Initiative will match winning programs 1:1.

Organizations looking to create scholarships — and then double those scholarships — through the Colorado Opportunity Scholarship Initiative can now submit their application online, the state Department of Higher Education announced Friday.

The Scholarship Initiative, which currently has $7 million available, gives every county and public school of higher education access to matching funds for scholarships 1:1. Winning programs will then distribute the awards to eligible students.

The Colorado Opportunity Scholarship Initiative will match winning programs 1:1.

"We know that the cost of higher education puts a heavy burden on Colorado families, and it can be a substantial barrier to getting a post-secondary degree or certificate," said Lt. Gov. Joe Garcia, executive director of the CDHE.

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Eligible students include those whose family income is 250 percent of less of PELL eligibility — a definition that typically encompasses both middle- and lower-income families.

The CDHE allocates amounts to each county and school based on the free and reduced lunch population. Denver County, for example, has access to $579,965 in funds; Arapahoe gets $741,633; Adams $516,718; and Jefferson has $445,502 in funding available. Douglas County's fund availability is $112,491.

The entire list of funding allocations for Colorado counties can be found here.

Eligible scholarship programs also must provide student services to help the scholarship recipients complete college.

"The Scholarship Initiative leverages limited state resources, and maximizes those resources by forming partnerships with local investors that commit to doubling the state's investment," Garcia said.

Colorado's public institutions of higher education, local municipalities, and workforce development programs are eligible to apply for the matching grants.

Organizations can submit their applications here.

Caitlin Hendee is digital producer and social engagement manager for the Denver Business Journal, is lead editor of the Morning Edition email newsletter and contributes to the "17th & Lincoln" blog. Email: chendee@bizjournals.com. Phone: 303-803-9226.

survey

How satisfied are you with your job?

New Colorado higher-education rules allow state to match scholarships

Initiative puts CU Denver students to work on Lakewood projects

Historic Estes Park Ranch


Source: Colorado scholarship programs can now apply for matching funds

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