  Gov. Eric Holcomb today ceremonially signed into law State Rep. Holli Sullivan’s (R-Evansville) policy reforming the state’s financial aid programs to assist students effected by the closings of post-secondary institutions like ITT Tech and Medtech College.
According to Sullivan, the new law will help former students of colleges that closed to restore their financial aid eligibility by allowing the state to address each student’s financial hardship on a case-by-case basis.
“When a school closes without warning, many students are stuck in bad situations not of their making, unable to finish a degree program because their financial aid is exhausted,†Sullivan said. “This legislation was written to help more students finish their education and enter the workforce with less loan debt.â€
Sullivan said students that qualify for restoration of their financial aid eligibility will be able to complete or renew their studies at another institution. This new law will also offer more incentives and opportunities for low-income students to participate in state grant and scholarship programs. Additionally, the law will streamline Indiana’s financial aid eligibility process so it is more similar to the federal level.
