College Scholarships, Grants & Loans

Monday, February 07, 2011

More States Tightening the College Scholarship Belt

Indiana's Twenty-first Century Scholars Program has been helping low and moderate income Indiana students make it through college for more than 20 years now. Students in the 6th through 8th grades who meet the financial need requirement, need to sign up and promise to keep up at least a 2.0 GPA, not use illegal drugs or alcohol, or commit a crime and apply to an eligible Indiana school when it's time for college and they will receive tuition for up to four years of college.

But now the Indiana legislature is thinking about tightening up the standards to save money in an attempt to keep the program going. Over the past several years, the cost has exploded as more students took advantage of the program. This past year they needed to take more than $15 million dollars from other accounts to help pay for the program. Likely changes are moving the GPA requirement from 20.0 to 2.5 and also requiring that the financial need still exists when it's time for college.

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