Education & Workforce Development

ITT Educational's quarterly profit, revenue climb

January 21, 2010
ITT Educational Services Inc. reported higher profit in the fourth quarter of 2009, earning $2.56 per share. The Carmel-based for-profit educator's earnings topped analysts' expectations.
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Orbis Education lands $8 million in venture capital

January 19, 2010
Peter Schnitzler
The locally based maker of nursing-education software will use the infusion to accelerate growth.
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ISTA wants schools to tap reserves, rainy day funds

January 19, 2010
J.K. Wall
State teachers union's recommended approach differs sharply from spending cuts and salary freezes recommended by the Indiana Board of Education.
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Recession takes toll on university president pay

January 18, 2010
 IBJ Staff and Associated Press
A survey released Monday by the Chronicle of Higher Education showed compensation packages of chief executives at public universities leveling off in 2008-2009, rising a relatively modest 2.3 percent. How did Indiana college presidents fare?
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State links university funding to lifting graduation ratesRestricted Content

January 16, 2010
J.K. Wall
The Indiana Commission for Higher Education late last month slashed college budgets based on key performance measures.
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UPDATE: Marian already has three possible locations for new medical school

January 15, 2010
J.K. Wall
St. Francis and Westview hospitals are open to hosting the osteopathic-medicine school proposed by the Indianapolis Catholic institution.
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Marian University to launch state's second medical school

January 15, 2010
J.K. Wall
The tiny Catholic institution in Indianapolis has $30 million raised toward new college that could train nearly half as many students as the Indiana University medical school.
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City's sole high school will keep Anderson name

January 13, 2010
Associated Press
The district's school board voted 6-1 Tuesday night for a plan using the Anderson High School building for grades 10-12 starting next fall. The Highland High School building will house grades 7-9.
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State high school graduation rates keep rising

January 8, 2010
J.K. Wall
According to data released Friday by the Indiana Department of Education, 81.2 percent of Hoosier high school students scheduled to graduate in 2009 did.
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Board approves revamp of Indiana teacher licensing

January 7, 2010
Associated Press
The new rules are expected spur future teachers to spend more time learning subject matter and less time taking education classes.
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MedTech College bought by private equity firm

January 7, 2010
MedTech, whose flagship campus is located on the city's northeast side, provides degrees in biotechnology and nursing, as well as in other health-care related programs.
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IUPUI dedicates engineering lab funded by Carrier Corp.

January 2, 2010
 IBJ Staff
Over the past four years, Carrier has donated $71,000 for the purchase of equipment and software that will allow mechanical engineering students at IUPUI to do more advanced work.
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School foundations step up to pay for programs as funding dries upRestricted Content

January 2, 2010
Kathleen McLaughlin
The Washington Township Schools Foundation on the north side is among those that wants to raise money for buildings and other high-cost needs.
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NEWSMAKER: Myles Brand led NCAA reforms

December 26, 2009
Anthony Schoettle
President Myles Brand died after a battle with pancreatic cancer. He is remembered for firing Indiana University basketball coach Bob Knight, but he later became hailed as a reformer as head of the NCAA.
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College cuts will favor some schools over others

December 23, 2009
Associated Press
The Indiana Commission for Higher Education said state colleges and universities need to find new ways to be efficient—without new tuition hikes—to cope with spending cuts ordered by Gov. Mitch Daniels.
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$60M Lilly Endowment grant to fund IU physician research

December 15, 2009
Peter Schnitzler
Indiana University, which has received nearly $600 million from the endowment over the last three decades, will leverage the new gift to increase its scientific discoveries and commercialize life science innovations.
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Obama reforms not necessarily dire for Sallie Mae in IndianaRestricted Content

December 12, 2009
J.K. Wall
The plan to nationalize the federal student loan program threatens to force Sallie Mae to hack its network of 26 offices down to five. Yet the company's Indiana operations have several advantages that could help weather the cuts.
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INDOT using federal funds to improve transportation options near schools

December 12, 2009
 IBJ Staff
The Safe Routes to School program “aims to influence a new generation of healthy, sustainable travel behavior,” says INDOT.
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University of Indianapolis names new business dean

December 9, 2009
 IBJ Staff
Sheela Yadav, a supply chain and engineering management expert, has been interim dean since July 2008.
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Indiana University extends president's contract

December 4, 2009
Associated Press
IU trustees have approved a contract extension for school president Michael McRobbie.
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Indiana University launches $10M seed fund

December 4, 2009
Peter Schnitzler
The Innovate Indiana Fund will invest $5 million over the next five years to commercialize IU technologies and another $5 million to help IU-affiliated startups get off the ground.
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Ivy Tech offers fast degree for at-risk students

December 4, 2009
Associated Press
Ivy Tech Community College is offering at-risk students a chance to earn an associate's degree in just 10 months instead of two years.
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Ivy Tech names new academic programs chief

December 3, 2009
 IBJ Staff
Mary Ostrye, 52, will have oversight of 150 different academic programs at Ivy Tech's 23 campuses around the state.
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State sues teachers' union for securities fraud

December 2, 2009
J.K. Wall
The Indiana Secretary of State's securities division says Indiana State Teachers Association can't account for $23 million intended for school districts, requests assets be frozen.
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University of Indianapolis education center receives $7.5 million

November 28, 2009
 IBJ Staff
Lilly Endowment Inc. gave another $7.5 million to a team of education experts at the school's Center of Excellence in Leadership of Learning.
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