Colorado Revised Statutes Title 24. Government State § 24-48.5-503. Program scholarship award--selection criteria--amount--use of award

(1)(a) The office or vendor shall accept and review scholarship applications and award scholarships in accordance with the office's program policies and procedures. The office or vendor shall award scholarships to:

(b) The office or vendor shall not require a student to demonstrate financial need to receive a scholarship and shall not consider an eligible student's financial need in determining scholarship awards.

(2)(a) The office or vendor awarding scholarships shall determine the amount of each scholarship award consistent with program policies and procedures, up to a maximum of one thousand five hundred dollars; except that the amount of money distributed to the service provider pursuant to subsection (3)(b) of this section must not be greater than the student's total cost of tuition, fees, books, and equipment.

(b) Scholarship money is distributed to the service provider for use by the student.

(3)(a) A student may use a scholarship award for tuition, fees, books, and equipment at a service provider.

(b) Scholarship money must be expended no later than July 31, 2025. On August 1, 2025, a service provider shall return all unused scholarship money to the office.