The Indiana Commission for Higher Education is considering reducing financial aid amounts for the 2025-26 academic year due to a surge in eligibility resulting from federal formula changes, impacting over 30,000 students annually.
Melissa Smurdon from Butler University expressed concerns, stating that the proposed aid cuts could threaten student retention and completion rates, making it financially challenging for colleges to support affected students.
The current plan for financial aid reductions comes just two years after significant increases were made to the Frank O'Bannon Grants, raising the maximum award to historic levels.
With the increase in O'Bannon award eligibility and amounts, colleges are worried about the potential decline in enrollment if financial support decreases, affecting their mission to retain students.
#indiana-education #financial-aid #student-retention #higher-education-policy #enrollment-challenges
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