Bill to expand financial assistance for ASSET students
(Mar. 25) – The House approved a bill to expand state financial aid resources for ASSET students. HB19-1196, sponsored by Rep. Serena Gonzales-Gutierrez, D-Denver, would provide Advancing Students for a Strong Tomorrow (ASSET) students the abilities to receive state financial aid.
“Increasing the eligibility for state financial aid will help Colorado’s rural institutions that lack financial resources to supplement state financial aid for ASSET students,” said Rep. Gonzales-Gutierrez. “Improving access to higher education by increasing financial assistance will erase our state’s equity gaps and serve as an investment in Colorado’s future.”
Currently, ASSET students are eligible for the College Opportunity Fund and institutional aid, but they are not eligible for state aid, including scholarships awarded by the state. The ASSET bill passed the legislature in 2013 with bipartisan support and makes the in-state tuition rate at state colleges and universities in Colorado available to all students, regardless of immigration status, who graduate from high school in Colorado after attending for at least three years.
HB19-1196 passed by a vote of 41-24. It now heads to the Senate.