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
FullText Text:
  Availability: 0
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  Data: An Overview of State Financial Aid in Illinois, Indiana, and Minnesota
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  Data: <searchLink fieldCode="AR" term="%22Victoria+Jackson%22">Victoria Jackson</searchLink><br /><searchLink fieldCode="AR" term="%22EdTrust%22">EdTrust</searchLink>
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  Data: EdTrust. 1250 H Street NW Suite 700, Washington, DC 20005. Tel: 202-293-1217; Fax: 202-293-2605; Web site: https://edtrust.org/
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  Data: 2025
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  Data: Policymakers
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  Data: <searchLink fieldCode="EL" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="EL" term="%22Postsecondary+Education%22">Postsecondary Education</searchLink>
– Name: Subject
  Label: Descriptors
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  Data: <searchLink fieldCode="DE" term="%22State+Aid%22">State Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="DE" term="%22Paying+for+College%22">Paying for College</searchLink><br /><searchLink fieldCode="DE" term="%22Tuition%22">Tuition</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Financial+Aid%22">Student Financial Aid</searchLink><br /><searchLink fieldCode="DE" term="%22Access+to+Education%22">Access to Education</searchLink><br /><searchLink fieldCode="DE" term="%22Politics+of+Education%22">Politics of Education</searchLink><br /><searchLink fieldCode="DE" term="%22Federal+Legislation%22">Federal Legislation</searchLink><br /><searchLink fieldCode="DE" term="%22Grants%22">Grants</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+Support%22">Financial Support</searchLink><br /><searchLink fieldCode="DE" term="%22Program+Effectiveness%22">Program Effectiveness</searchLink><br /><searchLink fieldCode="DE" term="%22State+Programs%22">State Programs</searchLink>
– Name: Subject
  Label: Geographic Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Illinois%22">Illinois</searchLink><br /><searchLink fieldCode="DE" term="%22Indiana%22">Indiana</searchLink><br /><searchLink fieldCode="DE" term="%22Minnesota%22">Minnesota</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: 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.
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  Data: 2026
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  Data: ED678857
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=eric&AN=ED678857
RecordInfo BibRecord:
  BibEntity:
    Languages:
      – Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 40
    Subjects:
      – SubjectFull: State Aid
        Type: general
      – SubjectFull: Higher Education
        Type: general
      – SubjectFull: Paying for College
        Type: general
      – SubjectFull: Tuition
        Type: general
      – SubjectFull: Student Financial Aid
        Type: general
      – SubjectFull: Access to Education
        Type: general
      – SubjectFull: Politics of Education
        Type: general
      – SubjectFull: Federal Legislation
        Type: general
      – SubjectFull: Grants
        Type: general
      – SubjectFull: Financial Support
        Type: general
      – SubjectFull: Program Effectiveness
        Type: general
      – SubjectFull: State Programs
        Type: general
      – SubjectFull: Illinois
        Type: general
      – SubjectFull: Indiana
        Type: general
      – SubjectFull: Minnesota
        Type: general
    Titles:
      – TitleFull: An Overview of State Financial Aid in Illinois, Indiana, and Minnesota
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              M: 10
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              Y: 2025
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