The Colorado State Auditor engaged Sjoberg Evashenk Consulting, Inc. to review the implementation of the College Opportunity Fund (COF) Program within the Department of Higher Education. We found that COF stipends may have been paid in cases that were not entirely compliant with statute or statutory intent. We recommended the Department of Higher Education make improvements to the College Opportunity Fund (COF) Program with respect to processes for requesting Program funding, administering stipends, and administering and monitoring performance contracts, to ensure the program meets its statutory intent.
The full report can be found here.
