The Colorado School of Mines President's Merit Scholarship is open to prospective first-year students and is awarded based on their admission application. This scholarship is renewable for up to 8 semesters of undergraduate coursework. Colorado resident scholarship annual amounts range from $2,500 to $6,000, while non-resident annual amounts range between $12,000 and $14,000. If the student's residency status changes, the scholarship amount will also change.