The Colorado Department of Higher Education oversaw federal loans through College Assist (who actually administered the loan programs) but this quasi-state agency sold their FFELP loans to a private lender, Nelnet.
This action was taken because of the July 1, 2010 switch to Direct student loans, when the Health care bill became law.
There are currently no separate state loan programs and no interest rate reductions offered on federal student loans.
Colorado participates in a number of federal loan forgiveness programs and also offers its own:
Colorado's Loan Incentive for Teachers (LIFT) Program will pay up to $8000.
Colorado's Loan Incentive for Teachers of Nursing (LIFT Nursing) Program will pay up to $20,000.
Colorado's Health Care Provider Loan Repayment Program will pay up to $25,000 per year.
The last program is jointly funded by the federal government and the state of Colorado.
The state also offers a Dental Loan Repayment Program which is funded by the proceeds of its tobacco settlement.
The University of Colorado Law School has also established the Loan Repayment Assistance Program (LRAP). LRAP provides partial loan repayment to selected students who choose qualifying public interest work.
All these programs require students to fill out their FAFSA, so make sure you check your Colorado FAFSA deadline. If you need more college funding- try looking at credit unions for a private loan lender, or compare commercial lenders' rates using the form at the top right.
Colorado relies mainly on the federal programs for loan disbursement, but is using state funds to increase the numbers of professionals in targeted areas.