The plan, which is called "Commitment to Colorado," was announced in June. It's set to take effect in the fall semester of 2011.
"It's really an investment in the state of Colorado," CSU spokesperson Brad Bohlander said.
The program promises to cut tuition in half for qualified Colorado students whose parents make $57,000 or less. It also promises a free ride to students who are eligible for a Pell Grant.
"We wanted to create a package that got the word out that said, 'It's simple, it's affordable, it is accessible and please, don't mark college out of your future plans, because you can earn that education,'" Bohlander said.
Bohlander says the idea came out of trips across the state where CSU President Dr. Tony Frank saw more and more parents deciding early on to abandon hopes of a college education for their children.
"We learned of families with children in the third and fourth grade that are already making decisions that university or college education is not affordable for them," Bohlander said.
There are several other plans at other universities that look similar to this one, but Bohlander says CSU stands apart in its support of the middle class.
"We want to do what we can to make sure they know they can afford a college education," he said
Donations will fund most of this project, although a portion of CSU's tuition hike this year will also get funneled into the pot.
Currently, a student will pay around $6,300 a year for an education at CSU. CSU says this program will not change merit scholarships.
(KUSA-TV © 2010 Multimedia Holdings Corporation)