The College Funding Gap
There are many factors that play into the cost of college and paying for it.
The cost of attendance (COA) for college is comprised of tuition and fees, room and board, books, transportation, insurance, and personal expenses. Using Colorado public colleges as an example, the COA can range from $15,000 (Red Rocks Community College) to almost $35,000 (Colorado School of Mines).
There are many sources of funds to cover the COA. Ideally, parents contribute a part of the cost. For a typical Bootstraps recipient that contribution is just under $10,000. Students can borrow about $5,500 per year from the federal government at a rate of 4.45%. Last, a student will hopefully set aside about $1,300 from summer work.
The amount a student is short is called the Funding Gap. The Funding Gap is the reason Bootstraps exists.
The cost of attendance (COA) for college is comprised of tuition and fees, room and board, books, transportation, insurance, and personal expenses. Using Colorado public colleges as an example, the COA can range from $15,000 (Red Rocks Community College) to almost $35,000 (Colorado School of Mines).
There are many sources of funds to cover the COA. Ideally, parents contribute a part of the cost. For a typical Bootstraps recipient that contribution is just under $10,000. Students can borrow about $5,500 per year from the federal government at a rate of 4.45%. Last, a student will hopefully set aside about $1,300 from summer work.
The amount a student is short is called the Funding Gap. The Funding Gap is the reason Bootstraps exists.
