Scholarship Payment Process

If you meet all of the DSF Scholarship requirements, the amount of your scholarship award will depend on when you graduated from high school and first became eligible for the DSF Scholarship.

If you first met the initial eligibility requirements for DSF in 2018 or earlier (you are a member of the 2018 or earlier DSF cohort), the amount of your scholarship award will depend on your Expected Family Contribution (EFC), your enrollment level, your program of study, and the type of college you attend.

If you will first meet the initial eligibility requirements for DSF in 2019 or later, the amount of your scholarship award will depend on the type of college you attend and your enrollment level.

View the award charts below for details.

Please read our FAQs below about the DSF Payment Process.

Award Amounts

Based on full-time enrollment (12 or more credits per term); will be divided equally per semester/quarter for the academic year; summer term(s) are not funded.

2019-2021 Cohort DSF Scholars - 2021-22 Annual Award Amounts
DSF Partner College TypeMinimum HS GPAAnnual Award Amount
4-year College/University2.75$2,800
Community College2.5$1,400
Technical College2.0$1,700
2017 & 2018 Cohort DSF Scholars - 2021-22 Annual Award Amounts
DSF Partner College TypeMinimum HS GPAExpected Family Contribution (EFC): 0 - Pell LimitEFC: Pell Limit - 1.5x Pell Limit OR Ineligible for Federal Student Aid (DACA)
4-year College/University2.75$2,800$3,400

For information on how long can you continue to receive the DSF Scholarship, click here.

DSF will determine your financial need for the DSF scholarship based on your final EFC (Expected Family Contribution) as determined by your college’s Office of Financial Aid. For members of the 2017-2021 DSF Cohorts, to be considered for a DSF Scholarship, your EFC must be less than 2.5 times the maximum qualifying EFC for the federal Pell Grant (the maximum qualifying EFC for the 2021-22 DSF scholarship is $14,615).

The Pell limit is set by the federal government each year. The DSF maximum qualifying EFC is adjusted each year based on the Federal Pell Grant Payment and Disbursement Schedules issued by the U.S. Department of Education.

* Once DSF has confirmed your qualifying EFC (usually in your first year as a DSF Finalist), we do not confirm your qualifying EFC again.

15-Credit Completion Incentive Awards

NOTE: IMPORTANT CHANGE – 2017 & 2018 Cohorts ONLY

The credit completion incentive award, for successful completion of 15 or more credit hours, has been discontinued and will no longer be available as of Fall 2019.

FAQs

How much is my 2021-22 DSF Scholarship award?

All DSF Scholarship requirements and deadlines must be met to be considered for a scholarship payment each term.

Scholarship award amounts depend on the college you attend.  For a list of eligible DSF College Partners, click here.

If you are a member of the 2018 or earlier cohorts (you first applied and met the initial DSF requirements in 2018 or earlier), the amount of your scholarship award also depends on:

  • Your DSF Cohort year;
  • Your eligibility for Federal Student Aid;
  • Your Expected Family Contribution (EFC)*, if you are eligible for Federal Student Aid;
  • Number of credit hours for which you are enrolled. See Full-Time Enrollment Requirement for more information.

If you are a member of the 2019 or later cohorts (you applied for the first time or met the initial DSF requirements in 2019 or later), your award amount depends on:

  • Your DSF cohort year;
  • The type of college you are attending;
  • Number of credit hours for which you are enrolled. See Full-Time Enrollment Requirement for more information.

The 2021-22 scholarship amounts shown in the tables above are annual total award amounts for students who enroll full-time for the entire academic year (August–May or September–June).  The annual award amount will be divided into payments based on the number of terms at your college (two payments at colleges on the semester system or three payments at colleges on the quarter system).  You must meet all DSF requirements to qualify for a scholarship award each term.

DSF Scholarship award amounts may change annually.

When will my DSF Scholarship payment be sent to my college?

DSF strives to process scholarship awards within the first two weeks of the term for colleges that provide enrollment and financial aid updates prior to the census date.  Some colleges wait until census date (a date set by your college that typically marks the last day you can add or drop classes for a full tuition refund) to report your enrollment information; DSF will then process scholarship awards within two weeks of receiving that information.

However, DSF must first confirm that you have:

  • Completed the FAFSA, CASFA, or other financial aid application as required by your college;
  • Are attending the college selected on your DSF Application or College Choice Form as of July 15, 2021, for the 2021-22 academic year;
  • Demonstrated financial need with a qualifying EFC (expected family contribution); and
  • Enrolled full-time (12 credit hours or more) at an eligible DSF college partner; and
  • Completed all financial aid requirements as required by your college by July 15, 2021 for the 2021-22 academic year; and
  • Completed all requirements for Colorado residency classification as determined by your college; and
  • Met Satisfactory Academic Progress (SAP) requirements at your college; and
  • Met all Student Success Requirements (SSR) in the previous term, if required.

NOTE:  If you transfer colleges, you must meet all the requirements above along with the transfer requirements described below.

  • Complete the Mid-Year Transfer Form with the Campus Contacts at both colleges and submit to DSF no later than February 1, 2022 for the winter/spring term.

Scholarship awards cannot be processed until we confirm all requirements are met, so DSF Scholarship awards may not be received before tuition or other educational expenses are due. We encourage you to discuss payment plan options with the Office of Financial Aid at your college.

You will receive an automated email from DSF when your scholarship award has been sent to your college. You can also view your current and past DSF awards on the Awards tab of the DSF Student Portal.

How will I get my scholarship check?

If you qualify for a scholarship award, the scholarship check is sent directly to your college.  The scholarship award is first applied to the amount due on your college account (for tuition, fees, etc.). If there is an amount remaining after the scholarship is applied to your tuition or if you did not have an outstanding balance, your college will refund the balance to you.

Why is the DSF Scholarship not showing up on my financial aid award letter?

The DSF Scholarship may not appear on your award letter until we have verified you meet all deadlines and requirements and after DSF has sent your scholarship check to your college. Click on “When will my DSF Scholarship payment be sent to my college?” above to see what requirements we must confirm with your college before an award is processed.

What happens to my scholarship if I add or drop classes?

You should notify both DSF and the Office of Financial Aid at your college when your enrollment level changes.  If your enrollment level changes after DSF made a scholarship payment during an academic term, the award amount may be adjusted.

  • If your enrollment level increases, DSF may make an additional scholarship payment, which will vary depending on your enrollment level. DSF will need to confirm your enrollment increase directly with your college.
  • If your enrollment level decreases or if you completely withdraw from classes, the college will return funds to DSF in accordance with their institutional award and refund policy.  You may be required to re-pay these funds to the college.  DSF’s Refund Policy is based on the refund policy each college has in place.  If you have questions about your school’s refund policy, contact the Office of Financial Aid at your college.

If I transfer, will my DSF Scholarship transfer to my new college?

DSF Scholars who are awarded a DSF Scholarship during the Fall 2021 term may be considered for a Winter/Spring award at a different DSF college partner if they transfer and submit the Mid-Year Transfer Form to DSF by February 1, 2022 and the following conditions are met:

  • A transfer is required to stay on track for your degree pathway:
    • You graduated with a certificate, AAS, or associate’s degree in the Fall or Winter term and are transferring to a different DSF college partner to continue on your program’s degree path in the Winter or Spring term; or
    • You have completed all basic requirements at your current institution and must transfer to a different DSF college partner to complete your degree program (i.e. completed all course requirements at a 2-year institution and transferring to a 4-year institution to stay on track for a bachelor’s degree); or
    • After careful consideration of the potential impact of your transfer, you have decided that transferring to a different college partner will better allow you to stay on track for your degree based on academic/financial/social fit.
  • You received a DSF Scholarship award in the Fall term (or the only reason you did not qualify for a Fall award was because your years of eligibility at your Fall college type had expired); and
  • You met Satisfactory Academic Progress (SAP) during the Fall term; and
  • You completed your DSF Student Success Requirement (SSR) during the Fall term; and
  • You completed your financial aid file at your new institution by February 1.

The Mid-Year Transfer Form requires the signatures of the Campus Contacts from both your Fall/Winter college and your new college certifying that your transfer is required to stay on track for your degree pathway.  It also requires the signature of a representative of the Financial Aid Office at your Winter/Spring college confirming that you are on track to complete your financial aid requirements by February 1.

I’m a 2017 or 2018 Cohort DSF Scholar and I’m enrolled in 15 credits this term. Am I eligible to be considered for an increased DSF scholarship award?

NOTE: IMPORTANT CHANGE

The credit completion incentive award, for successful completion of 15 or more credit hours, has been discontinued and will no longer be available as of Fall 2019.

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