States Offer Students An Incentive To Graduate: Money

Career College Central summary:

  • Each year states hand out more than $11 billion in financial aid to college students with no guarantee as to whether they’ll ever graduate. Many states don’t track the money. They simply hand it over and hope for the best.
  • According to Stan Jones, president of the advocacy organization Complete College America, the partnership between states and students is "one-sided." He said, “The states provide the funds, but the expectations states have of students are really pretty low.”
  • In Indiana, for instance, only around 40 percent of aid recipients will earn their four-year degrees in even six years, state figures show. That’s lower than the state average for all students. And while 75 percent may be certain they’re on schedule, only half will end up taking the minimum number of credits they need, per semester, to get through.
  • Starting next year, Indiana students will be required not only to start but also to finish 24 credits annually for their aid to be renewed. They’ll be rewarded with up to an additional $600 a year in aid at public colleges and universities and $1,100 more at private ones if they complete 30 credits or more. The idea is to put them on track to graduate within four years.

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