Frequently asked questions about First Step:
We receive birth and adoption information from the State of Colorado on a monthly basis. We add that into the online application system for verification purposes. The updated data is refreshed on the 15th of the month so there will be a slight delay before you apply. For example, if your child was born or adopted in the month of February, you must wait until March 15th or later to apply.
Participation in the First Step program is FREE! If you don’t already have a CollegeInvest account, the parent or legal guardian will need to open up an account naming the child as the beneficiary. If you need help choosing a plan, click HERE. Most plans can be opened unfunded, but you may also choose to make an initial contribution, or set up automatic contributions from your checking or savings account. You can even have your Colorado state income tax refund deposited directly into your CollegeInvest account!
While the $100 contribution to your CollegeInvest account cannot be claimed as a Colorado state income tax deduction, any subsequent contributions that you make to the account now or in the future can be deducted.
Per statute, the First Step funding was transferred from the Colorado Collegeinvest Scholarship Program (CCSP) created in Section 23-3.206.9. This was done at no cost to Colorado taxpayers or CollegeInvest account owners. The CCSP fund is a legacy Colorado Obligation Bond Authority account held in the State Treasury. The transfer of does not impact the current CollegeInvest Scholarship or Matching Grant programs.