Date Adopted: July 1, 2024
Date Revised: July 31, 2026
A. Purpose
This policy is in response to Colorado HB22-1049.
B. Scope
This policy applies to all current and former students, excluding foreign students as defined in
C.R.S. 23-1-113.5., who have an outstanding debt for tuition, room and board, or other financial
aid funds owed to the school and request a transcript, diploma, or certificate. This policy also
describes when a student may be subject to a registration hold.
C. Policy
- Individuals may be subject to a transcript, diploma, or certificate hold when such individual
owes certain debts to the School for tuition, room and board fees, or financial aid funds.
Individuals will be subject to such a hold when the debt is outstanding for six (6) months
and is in excess of 50% of the total due the school. A debt of at least $600 will be assign to
a third-party collection agency. If an individual is subject to such a hold, their transcripts,
diplomas, or certificates will not be released unless an exemption applies as outlined in
section 2 of this policy. - Exemptions are granted for individuals who can demonstrate that the
transcript/diploma/certificate request is required for one of the following reasons:
a. Job application
b. Transferring to another postsecondary institution
c. Applying for state, federal, or institutional financial aid
d. Pursuit of opportunities in the military or national guard
e. Pursuit of other postsecondary opportunities - Process and Procedure for Exemptions: Upon submission of a transcript/diploma/certificate
request and documentation to verify an exemption, the School will review the request and
make a determination regarding whether or not an exemption exists, as outlined in section
2, above. If it is determined that the individual has a valid exemption, the School will
release the requested transcript/diploma/certificate. If the School determines that the
individual does not meet the exemption criteria, the School will provide a written
explanation of the denial of the request within seven business days. - Registration Holds: Individuals will no longer be able to register or enroll for courses/classes
if the debt is outstanding for six (6) months and is in excess of 50% of the total due the
school. A debt of at least $600 will be assign to a third-party collection agency. - Individuals have the option to establish a payment plan for an outstanding debt. An
individual who wishes to establish a payment plan for a debt owed to the School should
contact: Tammy Sue Keyes at tskeyes@foundationbmc.com.
Transcript and Certificate Release Policy Page 2 - Complaints pertaining to HB22-1049 may be submitted to the Colorado Student Loan
Ombudsperson via email to CSLSA@coag.gov.