Only 28 percent of Hoosier students pursuing a bachelor’s degree finish in four years. That puts Indiana 40th in the nation in on-time completion rate. GOP gubernatorial candidate Mike Pence says, “we know Indiana can do better. But it will take shared commitment from the state, our colleges and universities and from students and families themselves to get the job done.”
Pence proposes shifting more than eight million dollars from state financial aid funds to performance grants awarded to students who graduate on time. He says he will engage colleges and universities by tying on-time graduation rates to some of the funding they receive from the state.
His initiative also includes a change in financial aid requirements. Students would not only need to achieve a certain GPA to continue receiving financial aid…they must also achieve certain milestones toward degree completion. Pence says that will require schools to establish a roadmap to degrees that students would follow.
The sixth district congressman says he will have to further examine what impact his proposals would have on schools that serve a higher number of non-traditional students. In a statement, Pence’s opponent John Gregg says Pence lacks credibility on higher education, noting his record in Congress in which he voted against Pell grants.