The Colorado Commission on Higher Education, established in 1965, reviews and approves degree programs and institutional capital construction requests. The commission develops policies for institutional and facility master plans. It administers student financial assistance programs through policy development and program evaluation, as well as the allocation of funds. The Colorado Commission on Higher Education administers a continuing education program. The commission establishes enrollment policies and admission standards. It serves students and citizens in Colorado. In addition, the commission establishes distribution formulas for higher education funding. The Colorado Commission on Higher Education is a part of the Department of Higher Education, which is governed by the State of Colorado.