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CMU: a great education at a great value

The Financial Aid Office has recently implemented several initiatives to help students take advantage of available resources, including financial literacy counseling, changes in disbursement procedures and new scholarship opportunities.

• Tuition and fee rates for the 2013-2014 academic year reflect an increase of 4.88 percent compared with tuition and fees from last year. CMU’s percentage of increase for tuition and fees is consistently among the lowest in Colorado.

• Financial Literacy and Debt Management Counselor Heidi Waggoner is available to advise students on all aspects of the financial aid programs and processes, including daily money management and future budgeting skills. Students may take advantage of group presentations and one-on-one counseling aimed at helping them understand loan terms and conditions, as well as the long-term impact of financial aid decisions.

• This fall will also see the introduction of a renewable $2,000 Earned Merit Award for students who did not qualify for a merit scholarship upon entering the university, but who have since completed 30 or more credit hours and maintained a cumulative GPA of 3.75 or higher.

• Since January’s introduction of AcademicWorks, a scholarship-matching software which streamlines the application process, the office has seen a significant increase in the number of students applying for aid. More than 360 awards are available through the software. Students also have the opportunity to receive aid through three work programs, at federal, state and university levels.

• Beginning in the fall, there will be a change in the way financial aid is disbursed to students who are not passing at least 75 percent of the credit hours in which they have enrolled. To assist students in successfully completing a CMU degree and to remain in compliance with federal financial aid regulations, financial aid disbursement will be held until 30 days after the start of the semester for those students.

Maintaining low tuition rates, recognizing academic achievement and assisting students in making informed financial aid decisions are vital to CMU’s mission to make higher education an attainable, accessible experience for students. •

Media Contact

Dana Nunn, Director of Media Relations

970.248.1868 (o)

970.640.0421 (c)