Indiana State University says if students follow the plan it sets out for them, they should be able to graduate in four years.
The Indiana Commission for Higher Education has laid plans to boost the percent of Hoosiers with a college degree.
Local schools are trying to fund programs that would reduce drop-out rates, but that funding can be hard to find.
Indiana released its reports for graduation rates Tuesday.
The average graduation rate for high schools in Indiana increased to 85.7 percent in the 2010-2011 school year.
Governor Mitch Daniels proposed the idea for the scholarship last year to reward those students who finish up high school early.
More than 45 companies participated in an Intern Fair at Alumni Hall.
Don Hossler says many schools talk about retention rates but few devote enough resources to the issue. He suggests having a retention "coordinator."