A $1 million grant announced today by Gov. Mitch Daniels is aimed at helping Indiana improve its dismal college completion rate.
The grant, funded by the Bill and Melinda Gates Foundation through the national non-profit group, Complete College America, will help Indiana University regional campuses and Ivy Tech Community College graduate more students.
Only a third of Indiana college freshman earn a four-year college degree in four years, according to the state's commission on Higher Education. Slightly more than half graduate within six years.
More than two thirds of Ivy Tech students are not prepared for their coursework and require remediation, and the cost adds up to more than $35 million a year, said Ivy Tech President Tom Snyder.