President Joe Biden announced Wednesday that his administration will cancel $10,000 of federal student debt for each borrower earning less than $125,000.

A first of its kind report from the state aims to reduce cost barriers for Hoosiers interested in college. It highlights state financial aid options and their impact, and makes recommendations for schools to better support students.

The application is used to determine federal financial aid, but the state also uses FAFSA for consideration of several aid programs.

Most Hoosiers value education beyond high school, according to an annual survey, but almost three-quarters believe financial strains from the COVID-19 pandemic pushed higher education further out of reach.

The university's tuition and fees are at $9,992 a year for in-state students and $28,794 for out-of-state students.

The 21st Century Scholars is a statewide financial aid program that provides up to four years of undergraduate tuition and fees for eligible low-income students at Indiana colleges and universities.

Students voted in the spring in favor of a $75 fee to increase mental health services and prevention programming. However, the trustees approved a $40 fee.

Indiana University is increasing tuition by 2.5% for in-state undergraduate students at all of its campuses each of the next two school years.

IU President Michael McRobbie is requesting an increase of about 2.5% for Indiana resident students and 3% for nonresident students at the Bloomington campus for the next two academic years.

The U.S. Department of Education has developed a new smartphone app that it hopes will make the notoriously difficult Free Application For Federal Student Aid a little easier.