Policies and procedures established by the Colorado Commission on Higher Education for the use of state-funded student assistance are presented. Annual budget ranges, sample forms, and instructions are included. In addition to providing definitions and general policy information, the guidelines cover fund application and allocation; accounting, recordkeeping, and reporting; financial and management assistance; and current state student aid legislation. The following programs are covered: Colorado Student Incentive Grant Program, Colorado Student Grant Program, Colorado Work-Study Program, graduate grant and fellowship programs, undergraduate merit award program, loan matching, dependents' tuition assistance, outreach tuition grant, National Guard tuition assistance, and veterans tuition assistance program. In addition to forms for each program, forms are included for: residency criteria, institutional application to participate in state programs, consortium procedures for financial aid, students' estimation of expenses and resources for award period, budget adjustment procedures for nonpublic colleges, institutional fiscal operations report, and report of expenditures and request for funds. A subject index is included. (SW)