An Overview of State Financial Aid in Illinois, Indiana, and Minnesota
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| Title: | An Overview of State Financial Aid in Illinois, Indiana, and Minnesota |
|---|---|
| Language: | English |
| Authors: | Victoria Jackson, EdTrust |
| Source: | EdTrust. 2025. |
| Availability: | EdTrust. 1250 H Street NW Suite 700, Washington, DC 20005. Tel: 202-293-1217; Fax: 202-293-2605; Web site: https://edtrust.org/ |
| Peer Reviewed: | N |
| Page Count: | 40 |
| Publication Date: | 2025 |
| Intended Audience: | Policymakers |
| Document Type: | Reports - Research |
| Education Level: | Higher Education Postsecondary Education |
| Descriptors: | State Aid, Higher Education, Paying for College, Tuition, Student Financial Aid, Access to Education, Politics of Education, Federal Legislation, Grants, Financial Support, Program Effectiveness, State Programs |
| Geographic Terms: | Illinois, Indiana, Minnesota |
| Abstract: | Financial?aid?is crucial for?making?higher?education?accessible?to?students. As tuition and attendance costs have surged over the past several decades, students?and families have shouldered more of the financial burden and increasingly rely on aid to afford higher education. Without it, many students from low-income backgrounds would be unable to pursue and complete a college degree. Unfortunately, federal financial aid has not kept pace with rising college costs. With federal support shrinking, the role of states in providing financial aid and ensuring postsecondary access and affordability has become more vital than ever. The eligibility requirements set by state policymakers for financial aid determine which residents can access higher education. In this report, researchers at EdTrust use a student-centered framework to review the financial aid programs in Illinois, Indiana, and Minnesota, assessing their effectiveness for recent high school graduates. The analysis focuses on how these states distribute financial aid across need-based, merit-based, and combination aid programs. It also highlights state policies that encourage and support high school juniors and seniors in pursuing higher education. Illinois, Indiana, and Minnesota are selected for their Midwest location and their financial aid programs and policies that promote college attendance. The report provides recommendations that state policymakers can use to design their financial aid systems to make college more affordable. |
| Abstractor: | ERIC |
| Entry Date: | 2026 |
| Accession Number: | ED678857 |
| Database: | ERIC |
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