Indiana gets grant to boost grad rates States will receive full amounts only if they demonstrate progress toward set goals.
In an effort to increase college graduation rates, Indiana will receive a grant of up to $831,000 from the Lumina Foundation for Education, the foundation announced this week.
Indiana was among seven states awarded grants totaling up to $9.1 million from the Indianapolis-based foundation.
The money will be awarded over four years, and states will receive their full amounts only if they demonstrate progress toward the set goals.
Indiana’s effort will focus on a four-year plan for educating and involving legislators, trustees and local chambers of commerce to sustain a performance-funded model the state has adopted, according to Lumina.
Indiana also will work to achieve efficiencies in academic operations of the regional four-year campuses.Lumina is seeking to increase the proportion of American adults with college degrees or credentials to 60 percent by 2025 — compared to the current 39 percent.
In Indiana, 53 percent of students who enroll at a public four-year college seeking a bachelor’s degree complete that degree within six years, according to the Indiana Commission for Higher Education. That ranks Indiana 30th among all states for six-year bachelor’s degree attainment.
Among public four-year regional campuses, the completion rate is much lower: 36 percent, according to the commission.
Of Hoosiers who enroll in community college seeking a two-year degree, just 13 percent complete that degree within three years.
State leaders in 2008 adopted a major new approach that ties state appropriations and financial incentives to degree completion rather than enrollment. Other states receiving the Lumina grants are Arizona, Maryland, Montana, Ohio, Tennessee and Texas.
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