WHAT ARE THE “COLLEGE OPPORTUNITY FUND” AND “COF”?
The College Opportunity Fund—referred to as COF—is Colorado’s way of providing financial support for resident undergraduate students. COF was created by the Colorado Legislature and signed into law in May 2004 by Gov. Bill Owens. Colorado will no longer appropriates tax dollars directly to colleges and universities. Instead, eligible undergraduates may apply for a state-funded COF stipend to put toward the cost of undergraduate education. WHAT IS A COF STIPEND? It’s the amount of money the state will pay toward the cost of each credit hour taken by eligible students attending Colorado colleges and universities. WHEN DOES THE COLLEGE OPPORTUNITY FUND TAKE EFFECT? COF is now in effect. Fall 2005 was the first term for COF stipends. WHO IS ELIGIBLE? • Undergraduates who qualify for in-state tuition and enroll at a public college or university in Colorado • In-state undergraduate students at private colleges and universities may also qualify. WHO IS NOT ELIGIBLE? • Residents of states othe
