Paying for School

FINANCIAL AID SUPPORT

Before offering, recommending, arranging, signing up, dispersing or enrolling service members for private student loans, we provide service members access to an institutional financial aid adviser who will make available appropriate loan counseling, including, but not limited to:

1. Providing a clear and complete explanation of available financial aid, including Title IV of the Higher Education Act of 1965, as amended.
2. Describing the differences between private and federal student loans to include terms, conditions, repayment and forgiveness options.
3. Disclosing the institution's student loan Cohort Default Rate (CDR), the percentage of its students who borrow and how its CDR compares to the national average. If the institution's CDR is greater than the national average CDR, it must disclose that information and provide the student with loan repayment data.
4. Explaining that students have the ability to refuse all or borrow less than the maximum student loan amount allowed.  

*Please refer to our Financial Aid Timeline for important Financial Aid dates:

https://www.coloradomesa.edu/financial-aid/apply/financial-aid-timeline.html

Military Tuition Assistance (TA):

Awarded to a service member under the assumption that the service member will attend school for the entire period for which the assistance is awarded.

For Army National Guard Students - Chapter 1606

https://dmva.colorado.gov/tuition-assistance 

Unearned Military Tuition Assistance:

If a service member withdraws on or before the 60 percent portion of the
term, the service member will no longer be eligible for the full amount of
Military TA funds originally awarded. To comply with the policy of the
Department of Defense, the institution will return any unearned Military TA
funds on a proportional basis through at least the 60 percent portion of the
term for which they were provided. Any unearned Military TA funds will be
returned directly to the military service, not to the service member. The
calculation of the return may result in the service member owing a balance
to the University. If a service member withdraws after the 60 percent
portion of the term, all Military TA will be considered earned. 

Schedule for Returning Unearned TA

16 Week Withdraw Period

Before or During Weeks 1-2: 100% Return

During Weeks 3-4: 60% Return

During Weeks 5-8: 40% Return

During Weeks 9-10: 20% Return

During Weeks 11-16: 0% Return

8 Week Withdraw Period:

Before or During Week 1: 100%

During Week 2: 60% Return

During Week 3-4: 40% Return

During Week 5: 20% Return

During Week 6-8:  0% Return

4 Week Withdraw Period (M-F):

Before or During Days 1-3: 100% Return

Days 4-5: 60% Return

Days 6-14: 40% Return

Days 14-16: 20% Return

Days 16-20:  0% Return

In instances when a service member stops attending due to a military service obligation, the institution will work with the affected service member to identify solutions that will not result in student debt for the returned portion.