Home / 529 Scholarship eligibility 529 Scholarship eligibility Pre-qualifications Pre-qualifying conditions before an application may be submitted. The Account Owner must be a Colorado resident to apply.1. Is the Account Owner a Colorado resident?*YesNoUnfortunately, you cannot apply if the Beneficiary is eligible for a Pell Grant.2. Is the Beneficiary eligible for a Pell Grant?*YesNoUnfortunately, you must fall under the threshold to apply.3. On the Free Application for Federal Student Aid (FAFSA) Student Aid Report (SAR), is the Expected Family Contribution (EFC) under $45,000 for the Beneficiary you are applying for?*YesNo