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Academic Catalog - Financial Aid

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Types of Financial Aid

Low tuition and fee rates and the absence of most residential fees keep the cost of attending Otero College to a minimum. Nevertheless, Otero College does operate an extensive financial aid program for students who find it impossible or difficult to enter or remain in college without some type of financial assistance.

Financial aid is awarded to students on the basis of need. In determining need in a consistent way for all aid candidates, Otero College requires all students and/or parents to submit the Free Application for Federal Student Aid (FAFSA). The Free Application for Federal Student Aid and information about financial aid may be obtained from the high school guidance counselors or from the Otero Director of Financial Aid at 719-384-6834. The

FAFSA website is: www.fafsa.ed.gov

Scholarships:

Rattler Nation Merit Scholarships
Finish Strong Scholarship
First-Generation Scholarship
Private Donor Scholarships 

Grants:

Federal Pell Grant
Colorado Student Grant
Federal Supplemental Education Opportunity Grant
State Student Incentive Grant

Loans:

Federal Stafford Student Loans (Subsidized and Unsubsidized)
Federal PLUS Loans (parents)
Sallie Mae (private lender) 

Employment Opportunities:

College Work-study Programs

Financial Aid Awards

Award Descriptions

Rattler Nation Merit Scholarships 

Scholarships for tuition are available to Colorado residents who enroll full-time at Otero the fall semester after graduating from high school. Students must maintain a 3.0 GPA, no matter which level of scholarship they received, in order to receive the scholarship in subsequent semesters. The different levels of scholarships are as follows: 

  • Rising Rattler: For students with a Cumulative High School GPA of 2.25 – 2.74 
  • Talented Rattler: For students with a Cumulative High School GPA of 2.75 – 3.24 
  • Renowned Rattler: For students with a Cumulative High School GPA of 3.25 – 3.74 
  • Presidential Rattler: For students with a Cumulative High School GPA of 3.75 – 4.0 

These scholarships are also available to returning Otero sophomore students who have maintained at least a 3.00 cumulative GPA. Whichever scholarship the student received their first semester, is the scholarship they will continue to receive as long as they maintain a 3.0 GPA. 

Additional Information:

  • There is a 4 semester limit on this scholarship.
  • You must be enrolled in at least 15 credits each semester you wish to receive this scholarship.
  • You must obtain a 3.0 Otero GPA each semester in order to keep this scholarship, no matter what your high school GPA started at.
  • If you receive this scholarship, then drop or withdraw from classes and are enrolled in less than 15 credit hours for the semester, you will lose this scholarship.

Students MUST submit their official high school transcripts to the Otero College Registrar no later than July 15th, and students MUST have completed an application to Otero College and have been accepted by July 15th to receive this scholarship. No scholarship application is necessary. 

Finish Strong Scholarship 

The Finish Strong Scholarship is available for graduating high school seniors from Otero, Crowley, and Bent counties. This scholarship will cover a student’s tuition and fees after all other aid (except loans) has been applied to student’s bill. Requirements include: 

  • At least 25 concurrent credits coming out of high school 
  • Full time enrollment status at Otero College (12+ credits) 
  • 2.0 high school GPA or better 
  • This scholarship can only be used for three consecutive semesters starting the summer or fall after high school graduation. 
  • Otero College must receive FAFSA and official high school transcripts by September 15th  
  • Students must apply through the Jotform on the scholarship page on Otero’s website 

First-Generation Scholarship 

The First-generation scholarship is for first-generation college students (neither parent has earned a bachelor’s degree or higher). First-time, or transfer students who attended another college before Otero College enrollment, must have a 3.0 cumulative GPA. FAFSA must be received by September 15th, and student must be enrolled in at least 12 credits (full-time) at Otero. Renewable with a 3.0 cumulative GPA. There is a two-year limit on receiving this award. The First-Generation Scholarship is awarded to students upon their initial semester at Otero and may be combined with any other Otero scholarship. Students who qualify for this scholarship will receive $425/semester, as long as they maintain the 3.0 cumulative GPA. Students may apply for this scholarship using the general application on Otero’s website. 

President’s Leadership Program 

The Otero College Foundation provides annual scholarships of $1,000 to each selected scholar ($500 for Fall Semester and $500 for Spring Semester). This scholarship will be renewed for one more year if the scholar maintains a 3.2 college GPA and remains in good standing with the program and meets the year-two continuation eligibility requirements. Continuation of scholarship awards beyond the first two years will be contingent upon funding. Students must fill out the separate application located on the scholarship page on Otero’s website. 

International Student Scholarships 

  • Jim Rizzuto International Scholarship 
  • This scholarship is offered by Seth and Barbara Franzman for the benefit of a deserving second-year (sophomore) international student to assist with funds necessary to continue their education at Otero College, and to promote a positive international culture in the College community. The International student who is selected will need to write a Thank You letter to the Franzman family and will then be awarded $2,000 for the year, $1,000 each semester. 
  • International Academic/Leadership Scholarship 
  • Current Otero international students who have received the distinction of being on the President’s List, have demonstrated leadership and have been active in community service can apply for this scholarship award of $500 toward the following semester at Otero. 
  • International Spirit Scholarship Application 
  • Current Otero international students who have received the distinction of being on the Institutional Recognition Honors List, have been active in community service and have demonstrated and fostered opportunities to reach across cultural borders to promote international understanding can apply for this scholarship award of $250 toward the following semester at Otero. 
  • Student Life Scholarship 
  • A $1000 per semester tuition scholarship to students who select to live in Otero College on-campus housing and participate in Student Life activities and events. 

Private Donor Scholarships 

The Director of Financial Aid administers a number of scholarships established by individuals and organizations interested in Otero and its students. Eligibility for these awards varies according to the donor’s wishes. Information concerning these awards is available from the Director of Financial Aid and is listed on the scholarship page of Otero’s website. 

Federal Pell Grant 

These grants are designed to provide financial assistance to those who need it to attend post-high school educational institutions. The maximum award for the 2024-2025 academic year is $7,395. Amount of the award is set each year by the U.S. Department of Education. Grants may be awarded to full-time and part-time students who are U.S. citizens, have completed the FAFSA, meet other federally mandated guidelines and are making satisfactory academic progress. 

Federal Supplementary Education Opportunity Grants 

One-year grants-in-aid, valued at $100 to $4,000 depending on the extent of documented need, are designed to assist students of exceptional financial need, who, for the lack of financial means of their own or of their families, would be unable to attend college. The Federal Supplemental Education Opportunity Grant may be renewed annually upon application, providing the recipient continues to meet eligibility requirements. 

Colorado Student Grant 

The Colorado Student Grant program is designed to assist needy students with educational expenses. To qualify, students must be residents of the State of Colorado and must demonstrate and document financial need by completing the FAFSA. Colorado Student Grants to out-of-state students are not available. 

A portion of Colorado Student Grant funding may be awarded to students who do not have lawful immigration status but have resided and attended high school in the state for at least three years prior to graduating high school and have documented financial need. Students should apply for this aid using the Colorado Application for State Aid (CASFA), available online at Colorado Application for State Financial Aid | Higher Education.  Students who are eligible to complete a FAFSA application should not complete CASFA. 

State Student Incentive Grant; currently Career Advance Colorado (CAC) 

Career Advance Colorado is funded through House Bill 23-1246, which fully covers enrollment costs for training programs in sectors with significant workforce shortages.  

Requirements 

  • Colorado residency or ASSET tuition classification
  • FAFSA/ CASFA on file
  • Completed FA application (including all verification requirements (regardless of TIV eligibility of the program))
  • Good academic SAP standing

General Information 

  • No minimum enrollment level
  • Prerequisites (not included on the program plan) will not be considered
  • Eligible programs must be declared for the semester of award (secondary programs may be considered)
  • No attestation required
  • No high school students
  • Can have a prior BA

Awarding Plan 

  • Offer award at standard component amount up to bill.

      o Exclude loans and FWS from calculations. 

      o CAC is last dollar in. (Last dollar in before VA.) 

  • Disburse award for exact amount of T & F (minus COF*) + other costs up to bill. (T&F{minus COF} + Books/Supplies + Dorms – Fin. Aid = CAC Eligibility)

   *Exceptions may be made to cover the COF portion if the student is not eligible for COF. 

Federal Direct Student Loans 

These loans are available to students who have demonstrated financial need. The loans are secured through the William D. Ford Federal Direct Loan Program.  

Maximum loan amounts for Dependent (typically less than 24 years old) students are as follows: 

  • Subsidized loans – do not accrue interest as long as the student has not graduated and is enrolled in at least 6 credits 
  •  Freshmen (completed 30 credits or less) may receive up to $3,500/year 
  • Sophomores (completed 30 or more credits) may receive up to $4,500/year 
  • Unsubsidized loans – start accruing interest right away regardless of graduation status or enrollment status 
  • Freshmen (completed 30 credits or less) may receive up to $2,000/year in addition to subsidized loan 
  • Sophomores (completed 30 or more credits) may receive up to $2,000/year in addition to subsidized loan 

Maximum loan amounts for Independent (typically 24 years or older, although younger students experiencing unusual circumstances can be considered independent) students are as follows: 

  • Subsidized loans – do not accrue interest as long as the student has not graduated and is enrolled in at least 6 credits 
  • Freshmen (completed 30 credits or less) may receive up to $3,500/year 
  • Sophomores (completed 30 or more credits) may receive up to $4,500/year 
  • Unsubsidized loans – start accruing interest right away regardless of graduation status or enrollment status 
  • Freshmen (completed 30 credits or less) may receive up to $6,000/year in addition to subsidized loan 
  • Sophomores (completed 30 or more credits) may receive up to $6,000/year in addition to subsidized loan 

Cumulative subsidized loan limit for a four-year degree program is $23,000. Cumulative unsubsidized loan limit for a four-year degree program is $34,500. Students must begin repaying all loans at a fixed rate (capped at 8.25%), six months after they graduate, leave school, or are enrolled in less than 6 credits (less than half-time). These loans are guaranteed by various agencies and reinsured by the federal government. 

College Work-study Employment 

The college work-study program (federal and state) is designed to provide financial assistance in the form of part-time employment for students in need of such assistance to begin or continue their college education. Employment under this program is authorized for any student who shows need for assistance, has completed the FAFSA, and is enrolled at least half-time. Students from low-income families are given priority for available funds. Students employed under the work-study program are limited to a maximum of 15 hours per week during the regular academic year but may be authorized to work up to 28 hours per week during the summer and other vacation periods. Students employed under work-study are paid at the applicable minimum wage rate. 

Part-time Student Financial Aid 

Part-time students who are enrolled for a minimum of six (6) credits are eligible to be considered for financial aid. Contact the Student Services Center for details. 

Financial Aid Application Procedure

All students applying for financial assistance must complete the Free Application for Federal Student Aid (FAFSA). Applicants for financial assistance are not considered until they have completed all admission requirements and have been issued an official notice of admission by the college. 

Students who are seeking financial assistance are urged to submit their completed applications well in advance of the anticipated semester of registration. 

Requests for additional information can be obtained by writing to the Director of Financial Aid, Otero College, 1802 Colorado Avenue, La Junta, CO 81050 or by calling 719-384-6834. 

Student Hourly Employment

About one-third of the students enrolled at Otero College work part-time in the community to help pay their expenses. A limited number of jobs are available on the campus.

Financial Aid Repayment

If a student does not attend even one class (a “no show”), all financial aid awards to that student will be canceled and repaid to the funding source. 

If a student withdraws, drops out, or is expelled within the first 12 class days, that student is treated, for refund/repayment purposes, the same as a “no show.” No Title IV financial aid money is disbursed, the award is canceled, and funds are returned to the funding source. 

Financial aid awards are not disbursed to student accounts until after the 12th day of class. After the 12th day, the student will receive 100 percent of the financial aid due, to be applied first against any balance due to the College, with any additional amount being disbursed to student to meet living expenses.  

Financial aid eligibility will be recalculated and the amount of any potential refund or repayment will be determined by the Financial Aid Office for students who withdraw or fail to complete at least one course. Any potential disbursements will be made to the student within a reasonable time after the 12th day. For more information, contact the Financial Aid Office at 719-384-6834. 

Veterans

Otero College is approved for veteran training and works with the Veterans Administration and the Colorado Department of Veterans Affairs to help student veterans who enroll at the College. Veterans need to submit all records of previous education and training to the Registrar’s office in the Student Services Center within one semester of enrollment or risk losing educational benefits. For more information contact the Otero Veterans’ Certifying Official in the Student Services Center or call 719-384-6948. 

Veterans Benefits and Transition Act of 2018

As part of the Veterans Benefits and Transition Act of 2018, section 3679 of title 38, United States Code was amended. Effective August 1, 2019, the State Approving Agency, or the Secretary when acting in the role of the State Approving Agency, shall disapprove a course of education provided by an educational institution that has in effect a policy that is inconsistent with the areas below: 

 

  • Policy must permit any covered individual to attend or participate in the course of education during the period beginning on the date on which the individual provides to the educational institution a certificate of eligibility for entitlement to educational assistance under chapter 31 or 33 (a “certificate of eligibility” can also include a “Statement of Benefits” obtained from the Department of Veterans Affairs’ (VA) website – eBenefits, or a VAF 28-1905 form for chapter 31 authorization purposes) and ending on the earlier of the following dates: 
  1. The date on which payment from VA is made to the institution.
  2. Ninety (90) days after the date the institution certified tuition and fees following the receipt of the certificate of eligibility. 
  • Policy must ensure that your educational institution will not impose any penalty, including the assessment of late fees, the denial of access to classes, libraries, or other institutional facilities, or the requirement that a covered individual borrow additional funds, on any covered individual because of the individual’s inability to meet his or her financial obligations to the institution due to the delayed disbursement funding from VA under chapter 31 or 33. 

NOTE: A Covered Individual is any individual who is entitled to educational assistance under chapter 31, Vocational Rehabilitation and Employment, or chapter 33, Post-9/11 GI Bill® benefits. 

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill. 

“The school maintains a written record of the previous education and training of the veteran or eligible person and clearly indicates that appropriate credit has been given for previous education and training, with the training period shortened proportionately, and the veteran or eligible person and the Department of Veterans Affairs so notified.” 

Otero College & Community Scholarships

Scholarship Name (in alphabetical order)QualificationsDurationAmount
Ashley Rochelle Abel Nursing Scholarship3.0+ gpa, Nursing student, 5 hrs community serviceSchool Year$500
Boundless Opportunity ScholarshipFull-time non-traditional students, 23 yrs or older, Satisfactory Academic Progress, Demonstrate financial need.School Year$2,000
Central Colorado Educational Trust ScholarshipGraduate from SE Colo H.S., full-time student, Agricultural emphasis,School Year$1000
Charles & Delia Garcia Memorial ScholarshipThis award will go to one male and one female student who maintain a cumulative 2.0 GPA or above.School Year$2,500
Classified EmployeesQualified returning sophomore only, 3.0+ gpa, Full time student. One scholarship of $1000, ($500 per semester).Semester$500
Colorado Opportunity ScholarshipFull-time students, income qualifications, apply to TRiO programSemesterUp to $1500
Colorado DAR ScholarshipsThe National Society Daughters of the American Revolution was founded in 1890 and incorporated by an Act of Congress in 1896. One of the largest women’s service organizations in the world, DAR members are dedicated to promoting education, historic preservation, and patriotism. For Application Information: coloradodar.org/scholarships. Applicants must be a U.S. citizen and a Colorado resident and attend an accredited college or university in the United States.
Deadline for applying is January 31, 2025

  • Adult Advanced Education Scholarship

    • Awarded to any college student whose college education was interrupted for at least one year.

    • Applicant must have returned to a college or university in the past year.



  • Elementary/Secondary Teacher Education Scholarship

    • Awarded to a high school senior or an undergraduate or post graduate student who is majoring in an Elementary or Secondary School Teacher Education Program.

    • Applicant must provide a college transcript or letter of acceptance from the college or university stating the applicant has been accepted into the Teacher Education program.



  • Honoring Military Families Scholarship

    • Awarded to a high school senior or undergraduate student who has been accepted to or attending a college or university and is the child of a parent who served or is serving in the United States Armed Forces.

    • Applicant must provide documentation proving parentage, such as a birth certificate or adoption papers, and documentation proving their parent’s service.



  • State Regents American History Scholarship: History, Government, Political Science, Historic Preservation, Archives Management

    • Awarded to an undergraduate or post graduate college student.

    • Applicant shall have a concentrated study in History, Political Science, American History or Government, Historic Preservation or Archives Management with a focus on American History. A transcript stating that the applicant is majoring in one of the above fields must be included with the application.



  • Virginia Leyda Roberts Nursing Scholarship

    • Awarded to a high school senior or undergraduate student who has been accepted or is currently enrolled in a nursing school for an Associate’s or Bachelor’s nursing degree.

    • Applicant must provide a college transcript or letter of acceptance from the college or university stating the applicant has been accepted into the Nursing Program.



School YearMinimum of $1500
Commitment to Otero ScholarshipLocal students who graduated from an Otero College service area high school (La Junta, Las Animas, Cheraw, Rocky Ford, Crowley County, Swink, Manzanola, Fowler) with a minimum of 2.5 cumula-tive GPA from high school and enroll at Otero College in a t least 15 credit hours. There is a two-year limit on the Commitment to Otero scholarship and it is not stackable with any of the Rattler Nation scholarships. FAFSA must be received by September 15th.up to two years$1000
Conley Memorial ScholarshipFull-time student, 2.5+ gpa, ASG or Athletics or Political Science/History major.up to Two YearsVariable
First-Generation ScholarshipFirst generation college students (neither parent has earned a bach-elor’s degree or higher), 3.0 high school GPA for first-time freshman, or transfer GPA for students who have attended another college prior to Otero College enrollment, FAFSA must be received by September 15th, must be enrolled in at least 12 credits at Otero. Renewable with a 3.0 cumulative GPA. There is a two-year limit on receiving this award. The First-Generation Scholarship is awarded to students upon their initial semester at Otero and may be combined with any other Otero scholarship.up to two years$850
The Franzman Family Scholarship – New model for the Franzman Family Scholarship2.5+ gpa, four scholarships each year. Two awarded to first year (freshman) students and two awarded to continuing second year (sophomore) students.School Year$1250
The Franzman Nursing Scholarship2.5+ gpa, Two Nursing Scholarships will be available to be awarded, one to a first year (freshman) student and one to a continuing second year (sophomore), both enrolled in the nursing program and pursuing qualification as registered nursesSchool Year$2,500
Franzman President’s Leadership Scholarship3.2+ gpa, 20 President’s Leadership Program (PLP) annual scholarships will be awarded.School Year$1000
The Freda T. Roof ScholarshipFinancial needSchool YearVariable
Kane Family 2 Year MeritColo Resident, 3.25+ gpa, seek associate degree within 2 consecutive years. Must plan to transfer to UCCS upon graduation from Otero.Two YearsTuition, Fees, Books
Kay Mahoney ScholarshipHealthcare Program at Otero, 3.2+ gpa, commitment to community service.School YearVariable
Living & Learning ScholarshipOut-of-State and WUE students enrolled in at least 12 credits re-ceive a $2,000 per year scholarship towards housing costs. Renew-able with a 2.5 cumulative Otero GPA. There is a two-year limit on the Living and Learning scholarship and it can be combined with the First-Generation scholarship.School Year$2,000
Otero & Crowley County Resident ScholarshipResidency: Since the government uses the parents’ residency to determine the residency of a student who is under 23 years of age, your parents must also live in Otero or Crowley County if you are under 23 years of age. If you are 23 years of age or older, you yourself must reside in Otero or Crowley county in order to be eligible for this scholarship.

Degree Requirements: You must be enrolled in a degree-seeking or certificate-seeking program. Students enrolled as a non-degree seeking student are not eligible for this scholarship.

School YearVariable
Pinnacol ScholarshipThis is for students in a Career & Technical Education pathway. Including Welding, Construction, Nursing, Law Enforcement, Education, Cosmetology, & some certificate programs. Students must maintain a cumulative 2.0 GPA.School Year$2,500
Ag Premier ScholarshipAgricultural involvement, enrolled in an ag science courseSchool Yearup to $1,500
President’s Leadership ScholarshipMust be selected for the President’s Leadership Program, 3.2+ GPA and remains in good standing with PLP.
Link to President’s Leadership Program Application
School Year$1000 ($500 for Fall Semester and $500 for Spring Semester)
Rattler Nation Merit ScholarshipsEligible students must be Colorado residents and enroll in at least 15 credit hours at Otero College the fall semester following their high school graduation date.School Year$1,000 – $2,500
Robert Hoag Rawlings Scholarship2.5+ gpa, journalism or business emphasis, students from 18-county Southeastern Colorado areaSchool Year$2000
Vera and Alan Shand ScholarshipFull-time student, 3.0 + gpa, pursuing a degree in education, priority given to students graduating from Lower Arkansas Valley. Full-time student, 3.0 + gpa, pursuing a degree in nursing and accepted into the Nursing Program.Semester$1000 – $1250
Wickham Family ScholarshipFull-time student pursuing a degree in the Engineering field or Math/Science, 3.0+ gpaSchool Year$500

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