Scholarship Administration Policy
Effective Date
October 1, 2023
Approved By
Philip P. DiStefano, Chancellor
Policy Owner
Associate Vice Chancellor for Enrollment Management
I. Purpose
The ΊωΒ«ΝήΚΣΖ΅ (βCU ΊωΒ«ΝήΚΣΖ΅β) recognizes that student recruitment and retention are key components of its strategic plan. CU ΊωΒ«ΝήΚΣΖ΅ utilizes financial aid programs, including scholarships, to support recruitment, retention, and student success. Additionally, CU ΊωΒ«ΝήΚΣΖ΅βs commitment to providing an equitable and inclusive environment where all students can achieve their academic and professional aspirations free from discrimination includes CU ΊωΒ«ΝήΚΣΖ΅βs administration of scholarships.Β
The purpose of this policy is to articulate specific, primary goals of CU ΊωΒ«ΝήΚΣΖ΅βs administration of scholarships and to charge an office with the responsibility of overseeing the implementation of those goals for the benefit of the university.
II. Policy
The primary goals of CU ΊωΒ«ΝήΚΣΖ΅βs scholarship administration include to:
- maximize utilization of funds to support CU ΊωΒ«ΝήΚΣΖ΅βs enrollment goals;
- attract and retain students who will contribute to the mission of CU ΊωΒ«ΝήΚΣΖ΅ and the university as a whole;
- reduce the financial burden on otherwise qualified students who are unable to attend CU ΊωΒ«ΝήΚΣΖ΅ due to costs;
- retain flexibility for CU ΊωΒ«ΝήΚΣΖ΅ to meet the needs of its student population as they may evolve over time;
- incorporate prudent business and operational practices;
- support fair, equitable, and inclusive scholarship awarding; and
- maximize CU ΊωΒ«ΝήΚΣΖ΅ compliance with related federal, state, university, and donor requirements.
To facilitate achieving CU ΊωΒ«ΝήΚΣΖ΅βs scholarship administration goals, CU ΊωΒ«ΝήΚΣΖ΅ will maintain an office charged with the centralized responsibility of overseeing compliance and servicing the CU ΊωΒ«ΝήΚΣΖ΅ colleges, schools, departments, programs, or other units that award any student scholarships (Awarding Units). This Office of Scholarship Services shall create and maintain a scholarship administrators user manual that applies campus wide standards to implement the purposes of this policy. All Awarding Units shall adhere to this policy and scholarship administrators user manual.