financial aid

John Walker / https://www.flickr.com/photos/whatcouldgowrong/4608963722

A state program that covers up to 100-percent of college tuition is seeing more students ready to graduate in four years. State officials credit the rise to a 2013 law requiring students complete a certain number of credits each year -- or lose their aid.

Commissioner of Higher Education Teresa Lubbers says there’s only so much state financial aid money available.

“You always have limited state dollars, so you want to spread those as broadly as you can to benefit the largest number of students,” Lubbers says.

Claire McInerny / StateImpact Indiana

The way to a meaningful college education is becoming increasingly complicated. The nation’s job force is demanding a college degree at the same time it’s becoming more and more expensive to get one.

Tuition is increasing and grants and financial assistance aren’t keeping pace. Young people are taking out thousands of dollars to get just a bachelor’s degree.

Wes Jackson / https://www.flickr.com/photos/boilermakerwes/3608649743/

In a few years, student bodies at some major public universities could include more low-income and first-generation collegians.

That’s the goal of the University Innovation Alliance, a group of 11 schools joining forces Tuesday. The Alliance’s goal is to help those students – whom numbers suggest don’t succeed as often as their peers from well-to-do backgrounds – graduate at a higher rate.