Indiana's Big Move to Improve College Grants

Indiana is making significant changes to its college grant program. The state's higher education commission is seeking public input on the distribution of the Frank O'Bannon Grant, a crucial financial aid program for low-income students.

Key Details

• Annual Funding: Approximately $168 million is distributed to around 37,000 students each year.
• Decision-Making Process: The commission uses two primary methods:
  1. Historical Data Analysis: Reviews past financial aid applications and grant usage.
  2. Real-Time Monitoring: Tracks the expenditure of funds as they are being used.
• Objective: Ensure that every dollar is utilized effectively to support more students in pursuing higher education.

Public Input

The commission is inviting colleges, financial aid organizations, and other stakeholders to provide their insights on improving the system. The grants are divided into two categories:

• College Cost Assistance: Helps cover tuition and other educational expenses.
• Student Choice Grants: Provides flexibility in choosing where to study.

How to Participate

• Deadline: Share your ideas by March 25 via an online form.
• Questions: For inquiries about state financial aid, contact the commission via phone or email.

Impact

Last year, over 37,000 students benefited from this program, highlighting its significant role in supporting higher education access.