Grace College Increases Student Aid
Posted by admin on July 28, 2009
Grace College increases student aid
Will help make up for state shortfall
WINONA LAKE, Ind. (WANE) – The State Student Assistance Commission of Indiana (SSACI) has reduced its financial aid for students by 31 percent for the 2009-2010 school year.
SSACI reduced its financial aid because of a 34 % increase in applicants for the 2009-2010 school year. Grace estimates the additional aid it will provide to its students will total $778,000 to make up for the SSACI shortfall.
Ronald Manahan, Th.D., president of Grace College, says recent gifts to the school allow it to make up for that reduction.
“We are grateful to the Lord for providing these extra funds this year,” Dr. Manahan said. “We have informed the affected students that we will be compensating for the state’s reduction. Letters have been sent to the affected students informing each about the amount of his or her financial aid.”
The SSACI had previously notified each student about the amount of aid. However, the commission has sent new award letters to notify students of the reduction in aid funds. The extra aid from Grace College applies to new students, as well as returning students.
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