State Financial Aid Available for Colorado ASSET Students
Oct. 9, 2020
New portal allows students to access $160 million in financial assistance
A new online application is now available to help undocumented students (who have historically not qualified for federal aid for college tuition) apply for state financial aid in Colorado. This opportunity is a result of the Colorado General Assembly’s 2019 passage of a bill making it possible for undocumented students to be classified as in-state students for tuition purposes.
Who are ASSET students?
State-funded financial aid is available to Colorado students who meet the following criteria:
Students who do not have lawful immigration status but have resided in the state for at least three years before graduating from a Colorado high school or passing a high school equivalency exam;
Are admitted to a participating college within 12 months of graduating high school;
And has submitted an affidavit stating that the student has applied for lawful presence or will apply as soon as he or she is eligible.
These students are referred to as ASSET students (Advancing Students for a Stronger Economy Tomorrow). For more information on eligibility, please visit this page on the state’s website.
Colorado Application for State Financial Aid
The Colorado Application for State Financial Aid (CASFA) is available here. Non-U.S. citizen resident and non-resident students can complete the CASFA to determine their eligibility for institutional aid, as well as state-funded financial aid if they are also ASSET students. The CASFA follows the same model and timing as the Free Application for Federal Student Aid (FAFSA).
How can financial aid help students?
Financial aid helps students fund their college degrees, and in many cases, makes college possible for students. College degrees can help lead to higher income potential, an increase in job prospects, and more flexibility and mobility with a future career.
Financial aid refers to money that helps you pay for college, and it comes in many forms: grants, scholarships, loans and work study programs. Learn more about the different types of financial aid here. Institutional and state-funded financial aid, including grants and work study funds, help open doors to higher education for students who have attended high school in Colorado but who are not eligible for federal financial aid.
For more information, talk to your counselor or school leader.