The two universities have created the Law Scholars Program.
It helps their graduates move towards a more affordable legal education at one of the countries top law schools.
Those selected for the program receive a scholarship for the cost of tuition at the Maurer School of Law at IU.
The awards range from $45,000 to $75,000 over three years.
Knox College gets to nominate two of its graduates each year for the program.
Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.