Facts of the Month

The state of Indiana has increased its state grants rather noticeably, good news for Indiana residents attending accredited Indiana colleges and universities.

The state of Indiana has increased its state grants rather noticeably, good news for Indiana residents attending accredited Indiana colleges and universities. Here is a sample of the changes:

With a zero Expected Family Contribution (EFC), here are the new maximum state grants:

Private Colleges: Last year’s $7,400 grant has been increased to $9,000

Public Universities: Last year’s $3,700 grant has increased to $4,500

Ivy Tech/Proprietary Colleges: Last year’s  $3,100 grant has increased to $3,400

Please Note: If you are eligible for a state grant and have an Academic or Technical Honors Diploma, you receive an additional “Incentive Grant” of $800. So looking at the amounts above, $9,000 becomes $9,800; $4,500 becomes $5,300; and $3,400 becomes $4,200.

 


Publication Date: September 2017

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