Lawmakers Propose Reforms to Higher Education Financial Aid

Lynn Russo Whylly's picture
Thursday, March 14, 2013

Legislation approved by the Indiana House of Representatives will create baseline scholarships while providing bonuses for achieving at least a 3.0 GPA and graduating in four years or less.

Previously, the GPA was a requirement, not an incentive. The state will also provide a scholarship grid so parents and students can see how much money they’ll get each year. And LaPorte Republican Representative Tom Dermody says, in a recent survey, while 75 percent of Indiana financial aid students think they can graduate on-time, only about half are actually on track to do so. He says that’s why his bill requires each state university to create degree maps.

“We’ll now require all universities to sit and meet with every student and explain to them what it will take, from start to finish, to graduate in four years,” he says.

Read more »