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ICI Smart: June 2014 - 2
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Independent Colleges Indiana

Financial Aid Makes the Difference

Where It Comes From

Does “private” = “pricey”? NO! Here’s why. The net price (actual money paid) is almost always much lower than the sticker price (advertised cost) at Indiana’s 31 private, non-profit colleges and universities. Financial aid makes the difference with nearly every ICI student getting need-based and/or merit-based aid.

ICI colleges are increasingly committed to their students as shown by the chart below. Over the past 5 years, aid from ICI colleges to students increased more than 50%, making up 82% of the total. Federal aid comprises 12% and state aid is 6% of the current total respectively.

Everyone benefits from financial aid, even those not in college. Higher graduation rates, more and better jobs, professional and graduate pursuits, and enhanced civic engagement are all direct, societal enhancing results of financial aid that make Indiana more competitive. Financial aid MAKES THE DIFFERENCE!

For Your Consideration

To find out why the sky isn’t falling, read:  “The Reality of Student Debt Is Different From the Clichés."

http://www.nytimes.com/2014/06/24/upshot/the-reality-of-student-debt-is-different-from-the-cliches.html?smid=fb-share&_r=0

Richard Ludwick

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).