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AMID BUDGET CUTS COLORADO STATE U UNVEILS NEW STUDENT AID PLAN CHRONICLE OF HIGHER EDUCATION SUBSCRIPTION

June 17, 2010

Amid Budget Cuts, Colorado State U. Unveils New Student-Aid Plan

Colorado State U. expects about 21 percent of in-state undergraduates to be covered under a new grant program.

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Colorado State U. expects about 21 percent of in-state undergraduates to be covered under a new grant program.

By Beckie Supiano

Colorado State University announced on Thursday that it would introduce a program in the fall of 2011 to make tuition more affordable for in-state students.

Through the program, known as theCommitment to Colorado the university would guarantee to cover the price of tuition and fees for in-state students who are eligible for federal Pell Grants with a combination of federal, state, and institutional grant aid. In-state students with annual family incomes of $57,000 or less would have at least half the price of tuition, but not fees, covered by grant aid.

The university expects about 3,760 students, or 21 percent of in-state undergraduates, to be covered under the new program, based on enrollment projections. Colorado State estimated that the program would cost $2-million a year on top of what the university already spends on aid, and it would pay that additional expense with tuition revenue and money reallocated from other areas.

Colorado has cut support to the university by $30-million 23 percent over the last three years. And the governor recently signed legislation that gives the states publ...[more]