Education Finance

Group plans ad campaign to back school choice

January 2, 2011
Associated Press
The Foundation for Educational Choice, an Indianapolis-based not-for-profit, expects to spend $400,000 to $500,000 on the advertising campaign in Indiana
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ITT Educational, for-profit peers reaped $521M from military

December 9, 2010
Bloomberg News
Twenty for-profit colleges—led by Carmel-based ITT Educational Services—reaped $521 million in U.S. taxpayer funds in 2010 by recruiting armed-services members and veterans through misleading marketing, according to a Congressional report released Thursday.
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Sallie Mae restructuring affects Indiana jobs

December 8, 2010
Kathleen McLaughlin
Student-loan giant lays off about 70 people in Fishers as part of national reshuffling.
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UIndy rolls out new Lugar Center scholarship program

December 3, 2010
The program will award $10,000 per school year to each of 10 incoming students who attend the annual Richard G. Lugar Symposium for Tomorrow's Leaders.
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State memo: Schools won't see more budget cuts

November 30, 2010
Associated Press
Memo from Superintendent Tony Bennett to district administrators says there are "no current plans for reductions"
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Judge denies motion to dismiss school funding suit

November 29, 2010
Associated Press
Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools say the school formula violates the state constitution's requirement for "general and uniform" public education funding because districts get different per-pupil amounts.
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Governor wants to reward early high school graduates

November 15, 2010
Associated Press
Gov. Mitch Daniels plans to ask the General Assembly to allow students who choose to graduate early to use much of the money the state would save to pay for higher education.
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States offering more college-savings vehicles

November 12, 2010
Bloomberg News
Indiana among those rolling out new, less-risky 529 plans to attract savers wary of losing money in the stock market.
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School referendums voted down in several districts

November 2, 2010
 IBJ Staff
Voters shot down school referendums in several central Indiana districts Tuesday, including Zionsville, Anderson, Center Grove, Mount Vernon, Shelby County and Elwood.
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Sallie Mae consolidation bringing 350 jobs to Indiana

October 29, 2010
 IBJ Staff and Associated Press
Student-loan giant Sallie Mae will consolidate operations in Indiana as part of a company-wide restructuring, creating about 350 jobs at its existing facilities in Fishers and Muncie.
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Schools, state argue in court over funding formula

October 13, 2010
Associated Press
Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools sued the state in February, claiming its school funding formula unfairly penalizes growing districts.
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Purdue pay freeze could end soon for some

October 13, 2010
Associated Press
Purdue President France Cordova will ask university trustees to approve 1.5-percent merit raises for some employees, providing them with their first pay increase in more than two years.
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Ivy Tech wins $784,000 to re-enroll former students

September 29, 2010
J.K. Wall
The money is part of an effort by Indianapolis-based Lumina Foundation to boost the number of Americans with college-level degrees.
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Court delays hearing on Indiana school funding lawsuit

September 14, 2010
Associated Press
Hamilton Southeastern Schools, Franklin Township Schools and Middlebury Community Schools sued the state in February, claiming the school funding formula unfairly penalizes growing districts.
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Purdue University staff could get early-retirement offer

August 24, 2010
Associated Press
A university committee said an early-retirement offer could reduce salary and benefit costs, and eliminate the need for layoffs.
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ITT, other for-profit education firms face more oversight

August 15, 2010
Bloomberg News
Shares in ITT Educational Services Inc., based in Carmel, declined 13 percent Monday morning, to $56.02 each, after being downgraded
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Proposal: Link federal aid to performance of ITT, peers

July 23, 2010
Bloomberg News
The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid, threatening an industry that received $26.5 billion in U.S. funds last year. Carmel-based ITT Educational Services is among those potentially affected.
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Senator to probe spending at for-profit colleges

June 10, 2010
Bloomberg News
ITT Educational Services Inc., Apollo Group Inc.'s University of Phoenix, Career Education Corp. and other for-profit educators are under increasing federal scrutiny over their recruitment practices and the level of student loan defaults.
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Indiana teachers unions hope Congress helps states

June 10, 2010
Associated Press
The leader of Indiana's largest teachers union says if Congress approves up to $300 million for Indiana schools, it could save as many as 7,200 public school employee jobs, including those of Indiana teachers, teaching assistants and bus drivers.
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Obama plans tougher rules on for-profit colleges

May 4, 2010
Bloomberg News
The administration is gearing up to produce tougher regulations that may reduce the amount of federal financial aid flowing to for-profit colleges such as locally-based ITT Educational.
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Several school districts seek passage of referendums

May 3, 2010
Scott Olson
Administrators are asking for millions of dollars of additional money to prevent teacher cuts and to support school building projects.
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Sallie Mae's job cuts spare Indiana, at least for now

April 28, 2010
 IBJ Staff and Associated Press
Sallie Mae says a new law that cuts banks out of the federal student-loan business is costing 2,500 workers their jobs in Florida and Texas, but the cuts won't hit Indiana in 2010.
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ITT Educational altered test scores, ex-employee's suit says

April 21, 2010
Bloomberg News
Former director says he saw employees give passing scores to students who had failed entrance exams, raise their grades and alter their attendance records so they would continue to receive U.S. financial aid.
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Franklin College launches $85 million building campaign

April 6, 2010
J.K. Wall
Small liberal arts school in Johnson County plans to modernize and expand athletic facilities, classrooms and residence space.
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Approval of college-aid overhaul to shake Sallie Mae

March 22, 2010
 IBJ Staff and Associated Press
The legislation, piggybacked to the health care bill that passed Congress Sunday night, could also mean major job losses for Sallie Mae, which employs about 2,400 people in Indiana, including 1,700 in Fishers.
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  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

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  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

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