This includes Books & Supplies, Personal Expenses, and Travel Costs. Each school has its own methodology for estimating these expenses. However, the amounts reported by your school may be subject to limits established by the Daniels Fund.
The Expected Family Contribution (or "EFC") is an amount of money your family may have to contribute toward your college-related expenses. Some schools just refer to this as your EFC, while other schools also identify a "Parent Contribution" and/or a "Student Contribution" as components of the overall EFC. This amount is determined by information you provide on the FAFSA or the CSS PROFILE. You can find the EFC your school intends to use on your Financial Aid Award Notification (FAAN).
If your school uses the CSS Profile, your EFC will differ from the one on your Student Aid Report.
Daniels Scholars are strongly encouraged to work while attending college. This expectation does not come with any specific number of hours to be worked or income to be earned. The Daniels Fund believes students should develop a reasonable balance between academics, extracurricular activities, personal time, and work to achieve a successful and enjoyable college experience.
When calculating the Daniels Scholarship, any financial work-study award or income from a working in a paid position while in college are not considered. As a substitute, the Daniels Fund will include an earnings assessment that is reported on your COA, and will be considered a financial resource.
The amount assessed for the first academic year of the scholarship is $1,000 ($500 per semester or $333 per quarter). The amount assessed for each of the second, third, and fourth academic years is $2,000 ($1,000 per semester or $666 per quarter).
Daniels Scholarships are based on unmet need for each term within the academic year. The aggregate annual payments will not exceed $25,000. The annual payment cap is applied equally among the number of terms in the academic year depending on the calendar of the school the scholar attends ($12,500 for each semester school term and $8,333 for each quarter school term).
The amount expected to be contributed by student, one, or both parents toward the entire cost of attendance. The amount is dependent on the student/family’s income and assets, and is part of the EFC. Parent Contributions and Student Contributions are considered financial resources and are not covered by the Daniels Fund.
This amount reflects the cost of credits for the classes you have registered to take at school. Some schools charge per credit and some have a flat rate based on a range of credits.
This is a stipend for eligible undergraduate Colorado students attending a Colorado public or participating private institution that pays a portion of in-state tuition.
This charge accompanies your tuition and includes mandatory fees for courses you are taking, bond fees, recreation center fees, etc. Not included are loan fees, orientation fees, or any optional fees.
When living on campus, your room and board budget represents the costs of both housing and a meal plan. When living off campus or at home, it represents the budget for rent, utilities, and food. The school determines the standard room and board budget amount for your specific living arrangement.
A grant provided to qualifying students by the federal government. This amount is determined based on financial information reported by the FAFSA or PROFILE. This amount, if any, is listed as part of your financial aid award package.
Total of all scholarships (other than those from the Daniels Fund and from your school) awarded to you. You must report these awards to your school. Examples of common scholarships:
* Examples are pulled from the 2020-2021 academic year
Total of all scholarships and grants provided to you by your school. These amounts are listed as part of your financial aid award package.
Please do not include any loans in the financial calculator.
This amount is in addition to the Expected Family Contribution (EFC) and the DF Earnings Assessment.