STATE OF STATE FINANCIAL AID
Student Aid - Not Back, But On Track!
Recently, a national group reported that state and local support for higher education is crawling out of the depths it reached during the recession. That statement mirrors recent developments in Indiana’s student financial aid program.
State aid for highest need students crashed in 2008 - down more than 35%. For the past 5 years, top awards stayed at $7,000. Next year, those awards are projected to rise to $8,200 for students attending ICI institutions. Though Indiana lawmakers and taxpayers remained committed strongly to students through increased appropriations, the surging number of students kept top awards stagnant.
The increase in top awards next year puts Indiana back on track! We still have a way to go to reclaim award levels prior to the recession, but ICI’s 93,000 students thank taxpayers, the Governor, the legislature, and the Commission for Higher Education for their continued commitment to Indiana’s future and its students.
Message from ICI President & CEO Richard Ludwick
Independent Colleges of Indiana is sharing this informational update with you – as one of our stakeholders – to illustrate the performance and contributions of our 31 member colleges and universities and why they are the smart choice for students and for Indiana. We hope you find this information helpful in sharing that story with community leaders, colleagues, parents, students, and friends. If you have any questions or comments, please just let us know (contact information below).