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The report details total aid distribution, the federal/state/institutional breakdown, major grant and loan changes, and student loan debt patterns by degree level and award size.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & 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Report to the Joint Budget Committee Statute: CDHE RFI \\#09  \nThe Colorado Department of Higher Education (DHE), under its own authority and through the Colorado Commission on Higher Education (CCHE), oversees and coordinates policy for 31 public institutions of higher education (including community colleges, independent local district colleges and local area technical colleges) and authorizes and regulates private colleges, universities and occupational schools.  \nMission – We support students, advocate and develop policies to maximize higher education opportunities for all.  \nVision – All Coloradans will have an education beyond high school to pursue their dreams and improve our communities.  \nPrepared and submitted by the Colorado Department of Higher Education under the Executive Leadership of Dr. Angie Paccione Pursuant to the statutory authority of RFI \\#9  \nNovember 2025  \n1600 Broadway, Suite 2200, Denver, CO 80202  \nFor more information contact:  \nBudget and Finance Division  \nDeAnna Castaneda  \n[finaid@dhe.state.co.us](finaid@dhe.state.co.us)  \nExecutive Summary  \nThe Financial Aid report provides a comprehensive summary of key financial aid trends in Colorado for fiscal year (FY) 2024–25. It offers data-driven insights into the allocation, distribution, and impact of state-funded financial aid programs across Colorado’s higher education institutions. This report serves as a critical tool for policymakers, educational leaders, and stakeholders to assess the effectiveness of current funding strategies and identify areas for improvement.  \nThe primary objective of Colorado’s financial aid programs are to promote equitable access to higher education by reducing financial barriers for students from historically marginalized, underrepresented, and economically disadvantaged communities. These programs are designed to support student success by addressing affordability challenges, increasing college enrollment and retention rates, and ultimately contributing to a more inclusive and educated workforce. By targeting aid to those with the greatest financial need, the state aims to close equity gaps and ensure that all Coloradans, regardless of background, can pursue and complete a postsecondary education.  \nTotal Financial Aid Distributed  \nFinancial Aid is the combination of financial resources made available to students through federal, state, and institutional support. In Colorado, financial aid is packaged by financial aid officers at each institution of higher education. Financial aid administrators use information from the Free Application for Federal Student Aid (FAFSA) and Colorado Application for State Financial Aid (CASFA) to determine student need and eligibility.  \n• In FY2024–25, total financial aid distributed to Colorado students reached more than $3.2 billion, a 4.4% increase from FY2023-24.  \n• Grants comprised 58.3% of all aid, while loans accounted for 41.7% .  \nFederal Financial Aid  \nFederal financial aid consists of grants, loans, and work-study programs funded by the U.S. Department of Education to help students pay for college. Eligibility is determined through the use of the FAFSA, which evaluates financial need. These resources are packaged by financial aid officers at each institution of higher education to create individualized aid offers for students.  \n• Federal grant aid rose by 22 . 1% to $445.9 million.  \n• Pell Grant funding increased by 27 .0% to $396.9 million, with the average Pell award reaching $5,025 .  \n• Federal loans remained stable at $1.13 billion, reflecting a slight increase of 0.8% .  \nState Financial Aid  \nState financial aid consists of grants, state funded matching, and work-study programs funded by the state of Colorado to help students pay for college. Eligibility is determined through the use of the FAFSA and CASFA, which evaluates financial need. These resources are packaged by","cbCaipLqEspncDXm","https://ap.wps.com/l/cbCaipLqEspncDXm","pdf",695541,38,"English","# Introduction\n# Executive Summary\n# Total Financial Aid Distributed\n# Federal Financial Aid\n# State Financial Aid\n# Institutional Aid\n# Student Loan Debt Trends","[{\"question\":\"What is the purpose of the Financial Aid report for FY 2024–25?\",\"answer\":\"It provides a comprehensive summary of key financial aid trends in Colorado for FY 2024–25, using data-driven insights to help policymakers evaluate funding effectiveness and identify improvement areas.\"},{\"question\":\"How does Colorado determine student need and eligibility for financial aid?\",\"answer\":\"Financial aid administrators use FAFSA and Colorado’s CASFA to determine need and eligibility, packaging aid into individualized offers at each higher education institution.\"},{\"question\":\"What share of total financial aid comes from grants versus loans in FY 2024–25?\",\"answer\":\"Grants comprised 58.3% of all aid, while loans accounted for 41.7%.\"}]","Financial Aid Report - Fiscal Year 2024-25 | PDF",1792050297,96]