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Financial Aid Enrollment and Proration

Financial Aid Enrollment and Proration

All students will initially receive an aid package quote that is based on full-time enrollment status even if you indicated three-quarter time or half-time anticipated enrollment on your FAFSA. However, if you make any changes to your enrollment status prior to the census date (which is the last day of each semester that you can drop a full-semester course and have it deleted from your academic record), your entire aid package will be prorated. If you increase or decrease your enrollment status from half- or three-quarter time enrollment prior to the census date, your award package will be prorated to the appropriate enrollment level. Please note that each time you adjust your enrollment status before census date, your aid award will be prorated and your student account will be adjusted for necessary increases or decreases in tuition charges and financial aid prorations.

Census Date: Enrollment Status and Aid Proration Freeze Date

Proration of aid ceases after each semester's census date. At that time, your aid package and the amount of aid credited to your student account will be held at the appropriate amounts based on your recorded enrollment status on census date. No increases or decreases to your aid award will be made after the census date based on changes to your enrollment status. However, if you reduce your enrollment hours after the census date, you will be subject to the Satisfactory Academic Progress (SAP) regulations governing the completion rate for that term. All aid proration activities will be reflected on your student account billing statements. Therefore, we encourage you to change your enrollment status as little as possible.

Please note: If our office receives your FAFSA after the census date of the semester, aid will be disbursed according to your current enrollment rather than frozen hours. Federal Stafford Loans are ALWAYS disbursed according to current enrollment.

To learn more about student requirements to be eligible for awards click here.
Note: Summer awards may vary.

 

Aid Programs by Enrollment Status

Federal or Institutional Aid Program

Full Time Enrollment

Three Quarter Time Enrollment

 

Half Time Enrollment

Less than Half Time Enrollment

Federal Pell

Students receive 100% of Pell award based on EFC calculation

 

Students receive 75% of Pell award based on EFC calculation

Students receive 50% of Pell award based on EFC calculation

Students receive 25% of Pell award based on EFC calculation

Colorado College Responsibility Grant (CCRG)

Students receive 100% CCRG

Students receive 75% CCRG

Students receive 50% CCRG

Students are not eligible for this grant with below half-time enrollment.

 

Federal Supplemental Opportunities Grant (SEOG)

Students receive 100% SEOG.

Students receive 75% SEOG.

Students receive 50% SEOG.

Students are not eligible for this grant with below half-time enrollment.

 

MSU Denver Need Based Grant (MNEED)

Students receive 100% MNEED.

Students receive 75% MNEED.

Students receive 50% MNEED.

Students are not eligible for this grant with below half-time enrollment.

 

Federal TEACH Grant

 

Students receive 100% TEACH.

Students receive 75% TEACH.

Students receive 50% TEACH.

Students receive 25% TEACH.

Federal Subsidized Direct Loan

Students enrolled in half time or more credits are eligible for 100% of the loan.

Students are not eligible for loans below half-time enrollment.

 

Federal Unsubsidized Direct Loan

Students enrolled in half time or more credits are eligible for 100% of the loan.

Students are not eligible for loans below half-time enrollment.

 

Federal Parent PLUS Direct Loan

Students enrolled in half time or more credits are eligible for 100% of the loan.

Students are not eligible for loans below half-time enrollment.

 

Perkins

100% of Perkins is awarded.

75% of Perkins is awarded.

50% of Perkins is awarded.

Students are not eligible for this loan below half-time enrollment.

 

Colorado Work Study

Students are eligible to earn money through a Work Study position.

Students are not eligible below half-time enrollment.

 

Federal Work Study

Students are eligible to earn money through a Work Study position.

Students are not eligible below half-time enrollment.

 

No Need Work Study

Students are eligible to earn money through a Work Study position.

Students are not eligible below half-time enrollment.

 

 

Enrollment Level by Number of Credits

Academic Level

Full Time Enrollment

Three Quarter Time Enrollment

Half Time Enrollment

Less Than Half Time Enrollment

Undergraduate

 

12 +

9-11

6-8

1-5