Matching Scholarship Allocations


 Scholarship Allocations for FY 16-17

In FY 16-17, the Scholarship Initiative will award grants for matching student scholarships in three specific categories: County-based grants, Institution of Higher Education grants; and Workforce Development grants.

The level of funding available for the 2016-2017 fiscal year is approximately $7 million, designated as follows:

  •         Colorado Public Institutions of Higher Education: $1,500,000.00
  •         Colorado Counties:  $5,000,000.00
  •         Workforce Programs: $500,000.00
**Specific allocation amounts can be found in the document at the bottom of this page.

Please note: Criteria for matching student scholarships, and available allocation amounts, in each of the three categories will be determined and published annually with the initiative’s request for proposal for matching student scholarship grants. Award amounts will be a 1:1 match on new scholarship dollars raised to meet designated allocations.  



Guidelines for FY 16-17

Guidelines for County-based grants:

  • County-based matching student scholarship grants will be allocated by total number of free- and reduced-lunch students in each county. 
  • Board of County Commissioners shall designate one nonprofit organization* or create a nonprofit organization (either within the county or through a consortium of counties) that will house community-based funds and administer a scholarship program according to the allowable use of funds.
  • Counties and designated nonprofit organizations may be eligible to access matching dollars by meeting the following requirements: 

o   Submitting LOI and application as included in this packet.

o   Submitting an application demonstrating support of the Board of County Commissioners to apply for funds and lead the scholarship program.

o   Outlining the proposed matching fund source and plans to demonstrate that these are resources that will add to the total amount of scholarship dollars available to Colorado students.

o   Ensuring scholarship distribution plan meets allowable use of funds.

  •  Applicant can apply to receive administrative fees equal to 2.5% of the combined total of matching funds and State funds, allowable for county-based grants.


Guidelines for Colorado Public Institution of Higher Education grants:

  • Institution of Higher Education matching student scholarship grants will be allocated to Colorado public institutions of higher education based on each institution’s share of the 0-250% Pell eligible student population. 
  • The  Institution’s governing board shall designate one nonprofit organization* or create a nonprofit organization that will house institution-based funds and administer a scholarship program according to the allowable use of funds
  •  Institutions of Higher Education and designated nonprofit organization may be eligible to access matching dollars by meeting the following requirements: 

o   Submitting LOI and application as included in this packet.

o   Submitting an application demonstrating support from the institution’s governing board to apply for funds and lead the scholarship program.

o   Outlining the proposed matching fund source and plans to demonstrate that these are resources that will add to the total amount of scholarship dollars available to Colorado students.

o   Ensuring scholarship distribution plan meets allowable use of funds.

Guidelines for Workforce Development grants:

  • Individual Workforce Development grants do not have an allocated amount. The total amount available for all workforce grants is $500,000; applications should take this in to consideration, and should consider tuition costs and needs for the particular credential(s) referenced in application.
  • Matching Grants will be made available to local workforce boards, coalitions or organizations seeking to provide scholarships for students acquiring credentials in pursuit of career pathways aligned with the key industries as defined by the Colorado Office of Economic Development and International Trade. www.advancecolorado.com/key-industries
  • The workforce applicant shall designate one nonprofit organization* or create a nonprofit organization that will house workforce-based funds and administer a scholarship program according to the allowable use of funds.
  • Local Workforce boards, coalitions, or organizations focused on a specific population or career pathway, and designated nonprofit organization, may be eligible to access matching dollars by meeting the following requirements: 

o   Submitting LOI and application as included in this packet.

o   Outlining the proposed matching fund source and plans to demonstrate that these are resources that will add to the total amount of scholarship dollars available to Colorado students.

o   Ensuring scholarship distribution plan meets allowable use of funds

  • Applications that include the following components shall be prioritized: 

o   A well-developed curriculum that is part of a clearly outlined career pathway in a critical industry;

o   Mentorship, internship, or job-based learning;

o   Guaranteed or “first in line” employment opportunities upon completion of a degree.

  • Applicant can apply to receive administrative fees equal to 2.5% of the combined total of matching funds and State funds, allow


If you have further questions about your eligibility, please contact Shelley Banker at shelley.banker@dhe.state.co.us or 303-974-2673.

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Shelley Woodson Banker,
Sep 1, 2016, 4:20 PM