NEW ALBANY – Starting this fall, IU Southeast is expanding its scholarship offerings to include a new Grenadier Promise Scholarship to help all students succeed by removing as many financial barriers as possible. The Grenadier Promise Scholarship is available to freshmen and is renewable for up to four years for those who meet the eligibility requirements.
“Scholarships are a vital part of student success at Indiana University Southeast,” said Kelly Ryan, interim chancellor of IU Southeast. “That’s why we aim to make the process as easy and rewarding as possible. IU Southeast has always been the region’s best value for higher education. Now more students than ever can earn a degree from world-class Indiana University, close to home, while accumulating little or no debt.”
The Grenadier Promise Scholarship is a last-dollar scholarship to cover tuition and mandatory fees when combined with eligible federal and state grants and scholarships. It aims to reduce the cost burden of higher education for those most in need.
In addition, there are automatic scholarships based on high school GPA and more than 170 merit-based scholarships for traditional undergraduate students, transfer students, and adult students returning for a credential, certificate, or degree.
The standard undergraduate tuition and fees before applying any scholarship or aid is $7,940 per year.
“It’s not too late to apply to college this fall,” Ryan said. “We are accepting applications until August 12, for the fall semester beginning August 22. Any students who have been waiting, now is the time to apply.”
Nationally and regionally, the pandemic has accelerated declining college enrollment rates for recent high school graduates. In Indiana, fewer students are pursuing education or training after high school. The state’s college acceptance rate fell from 59 percent for the high school class of 2019 to 53 percent for the class of 2020. That’s by far the lowest rate and steepest decline in at least one generation and follows a previous height of 65 years. percent in 2015, according to the Indiana Commission on Higher Education.
In Kentucky, the numbers have dropped more dramatically. For Jefferson County, the rate of high school students going on to college has dropped from 55 percent in 2015 to 45 percent in 2021, according to the Jefferson County Public School District website. Across the Commonwealth of Kentucky, the high school graduation rate rose from 54 percent in 2015 to 50.5 percent in 2019, the most recent year reported by the Kentucky Council on Postsecondary Education.
Nationally, the number of students going to college fell from 69% in 2015 to 63% in 2020.
According to the recent US Census, nearly 39% of adults in the Louisville metro area do not have a post-secondary degree or certification. Lack of these credentials can make the workforce susceptible to job cuts due to automation and artificial intelligence, according to the ICHE report.
“The evidence is clear and compelling,” said Uric Dufrene, Sanders President of Business at IU Southeast. “College graduates experience lower unemployment rates and higher incomes. Since 2001, employment gains for college graduates have greatly outpaced workers without a college degree. Four-year attainment rates are one of the biggest challenges facing the Louisville metro area. With declining college population rates, the battle for talent will only intensify. To be competitive for the jobs of the future, college completion is imperative.”