Purdue University is launching another affordability effort. The Boiler Affordability Grant is designed to cover expenses not taken care of after Indiana resident undergraduates have pursued need-based financial aid. It will fund tuition, fees and book costs using a pool of existing university resources, donations and through Purdue savings efforts. Eligible students must be newly or currently enrolled at the West Lafayette campus, be Indiana residents and be qualified for Federal Pell Grants or have a parent Adjusted Gross Income of $70,000 or less.
President Mitch Daniels says the grants are part of the goal of "lowering every barrier we can" for a student to attend Purdue. BAG is one of a number of high-profile initiatives the university has taken on in recent years to make college affordable, including tuition freezes that have kept the price at 2012 levels since just after Daniels took office and an income sharing agreement called Back a Boiler. "Attending Purdue still represents a challenging expense for many low- and middle-income Hoosier families," he said. "Our goal of ‘higher education at the highest proven value’ means lowering every barrier we can to ensure Purdue is accessible to all students who can meet our academic standards."
The university estimates some 3,000 students throughout the state would be eligible for the grant, which will begin in the 2018-2019 academic year. You can read more about the Boiler Affordability Grant program by clicking here.
Inside INdiana Business is at the announcement this morning and will have more on the program in the INside Edge afternoon newsletter.