COF - Colorado Opportunity Fund
The COF (College Opportunity Fund) is a fund created by the Colorado Legislature to provide a way of distributing Colorado tax dollars to the colleges in Colorado, by creating a stipend for each resident undergraduate student who attends a participating college or university. There is no income qualification, and the students can be part-time or full-time. It is recommended that all students pre-register for this stipend, even before knowing if they will be attending a college in Colorado, and the instructions for registration are listed below. The stipend is paid on a per credit hour basis for up to 145 credit hours.
If you are a Colorado resident at least 13 years old, register for the Colorado College Opportunity Fund (COF). NOTE: The estimation of costs on websites for all colleges in Colorado assumes that students have registered for COF. It's free to apply, and you must apply in order to obtain the COF stipend, which is paid directly to the college or university.
In 2016-2017, for residents who attend a participating college in Colorado this is:
- $75 per credit hour at participating state universities and colleges.
- $38 per credit hour at participating private universities and colleges.
For example, if a student takes 15 credit hours per semester, that student will receive a stipend in the amount of $2,250 for the year (30 credit hours). Students who attend a participating private university receive half the amount per credit hour in stipend funding ($38.00 per credit hour for the 2016-2017 school year).