Last modified: Monday, September 28, 2009
Details of IU's new incentive grant program released
FOR IMMEDIATE RELEASE
Sept. 28, 2009
BLOOMINGTON, Ind. -- Indiana University Vice President and Chief Financial Officer Neil Theobald announced today the details of the incentive grant program that was outlined earlier this month by IU President Michael A. McRobbie.
"This important new program begins immediately for all in-state undergraduate students on all IU campuses," Theobald stated. "The criteria for achieving this grant are straightforward and achievable, and we are looking forward to enhanced student success and degree completion as a result."
Theobald said that eligibility for the grants would require in-state students to meet the following criteria:
- Completion of 12 or more credit hours in Fall Semester 2009 and Spring Semester 2010 with grade point averages in each semester of 3.0 or higher; and
- Enrollment in 12 or more credit hours in Fall Semester 2010.
Current seniors need only meet the credit hour and GPA requirement this semester and then enroll in enough hours next semester to graduate.
At IU Bloomington and IUPUI, the bursar accounts for qualifying students will receive $300; at IU's five regional campuses, qualifying students' accounts will receive $200.
This merit scholarship program reflects IU's commitment to its core mission -- producing more bachelor's degree holders in Indiana. Last year, 360 more Hoosiers earned IU bachelor's degrees than did so in 2007-08, a 4.3 percent increase. With Hoosier families facing new financial challenges in the current economic downturn, this initiative seeks to assist full-time IU students in completing their undergraduate degrees.
At the graduate level, Maurer School of Law Dean Lauren Robel announced that, due to increased financial aid, the School's 2009-10 in-state net tuition increased by an average of 5.2 percent. A similar financial aid program next year will limit the net in-state tuition increase for returning students to an average of 7.4 percent in 2010-11.