Indiana Public Interest Research Group says each student would save more than $900 in loan costs for each year they are in school.
The state required colleges to start charging the higher rates last year.
The plan IU announced Monday to cut summer school tuition isn't just about saving money — it's about declaring a political ceasefire.
The average student at IU graduates with $16,000 of debt, according to an IU report.
IU President Michael McRobbie says state funding for the university has been cut by nearly $100 million.
Indiana university presidents said they should not be bound by state legislative control.
Students who cannot prove their citizenship could be forced to pay out-of-state tuition, which is three times in-state tuition.
Indiana’s higher education funding has been receiving big cuts over the past couple of years, and students are left with part of that burden.
Indiana State University's enrollment record means more revenue is coming into the University.
University-wide, more than 4,000 seniors qualified for the incentive for a total cost of about $1,188,600.