More college students are using grants and scholarships to pay their tuition, according to a national study.
And at the University of Iowa, a certain amount of tuition dollars are set aside for scholarship programs. That fund has increased $33 million in the 2009-10 school year to $46 million in the 2011-12 school year to help undergraduate students afford college.
But Iowa’s students are still graduating with a high amount of debt.
According to a Sallie Mae study, there was a 10 percent increase in the number of grants and scholarships being used by students to pay their tuition for the 2010-11 school year.
Mark Warner, the assistant provost for enrollment management and director of UI Student Financial Aid, said the amount allocated for grants and scholarships increases each year as tuition increases.
“Clearly, what we are allocating to support university scholarships and grants to undergraduate students, the outpace increases as tuition increases,” he said. “More often than not, it’s by a larger percentage.”
Read the full story at the Daily Iowan.
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