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CU to increase financial aid to 200 more students

University of Colorado in Boulder

BOULDER, Colo. — The University of Colorado is expanding its financial aid package to about 200 more lower-income students, the university announced Thursday.

Students in CU’s Promise program are given enough grants and work-study to pay for their share of tuition, fees and estimated book expenses, the university said.

Last year about 400 students were in the program. CU said it wants to increase the number to 600.

Chancellor Phil DiStefano was among a group of university leaders who met with President Barack Obama at the White House Thursday to talk about expanding financial aid programs.

“We’re proud to say that the program expansion will now serve all those Colorado resident students who can demonstrate eligibility for Federal Pell Grants,” DiStefano said in a statement. “This will make CU Promise available to a population of excellent, high-achieving students who could use additional support, but previously did not have access to the program.”

Grants will be provided to low-income students who do not have sufficient credits to progress to the junior level by the end of their sophomore year, and who would benefit from taking one or more classes during the summer months to catch up.