Education Finance

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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Indiana out in first phase of 'Race to the Top' grants

March 5, 2010
Associated Press
Indiana has missed out in the first round of the U.S. Department of Education's "Race to the Top" competition, which will deliver $4.35 billion in school-reform grants.
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Schools decry funding disparity in lawsuit

February 24, 2010
Associated Press
Hamilton Southeastern will see its per-pupil spending of $5,000 drop about $100 in 2010 despite a projected 900-student increase, the lawsuit says. Indianapolis Public Schools, which has lost more than 1,000 students a year for the last five years, will receive $7,500 per student in 2010.
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IU, Purdue try to preserve research despite budget cuts

February 23, 2010
J.K. Wall
The president of each school will update budget-cutting progress in state-of-the-university speeches Tuesday.
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Growing Indiana schools districts suing over funding

February 23, 2010
Associated Press
Hamilton Southeastern, Franklin Township and Middlebury Community Schools of Elkhart County say the school-funding formula unfairly penalizes districts with growing enrollments.
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Some Indianapolis charters see financial position weaken

February 22, 2010
J.K. Wall
Mayor's report shows smaller cash reserves for many schools, but one charter operator blames late government payments.
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COPPER: Misunderstandings put Indiana school funding in a bind

February 6, 2010
Mike Copper
State government overreacted in its attempts to reign in construction costs, and should seek middle ground
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Purdue to slice benefits for staff, techology costs

January 22, 2010
Associated Press
University will cut employee benefits, retirement contributions and information technology services to partially close a $67 million budget deficit for the West Lafayette campus
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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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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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Voters OK Hamilton Southeastern school-funding tax hike

November 10, 2009
 IBJ Staff
Voters in the Hamilton Southeastern school district on Tuesday overwhelmingly approved a bump to their property taxes to provide the growing system an extra $5.5 million in funding each year for the next seven years.
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Indiana voters trending against schools in tax votes

November 7, 2009
Associated Press
Indiana voters seem willing to pay more in property taxes to help school districts cover operating costs. The results of last week's referendums, however, continue the trend against supporting plans for bigger, better schools during tough economic times.
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Education cuts could be coming, state schools chief says

November 5, 2009
Associated Press
Indiana's school chief warned school superintendents Thursday that declining state revenues could force cuts in public education spending, education officials said.
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Beech Grove school referendum passes, two others fail

November 4, 2009
Voters in Beech Grove on Tuesday endorsed a tax increase to keep school buses operating, while other education-related measures in two Marion County townships failed.
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HICKS: As classes begin, students have fresh opportunity

August 24, 2009
Mike Hicks
Classes start this week at Ball State University, and other colleges and universities across the country. For many, it is a bittersweet moment, as parents say goodbye to their now young adults, handing them over to professors and scarily youthful resident hall assistants for safekeeping.
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Sallie Mae rallies over jobs in Fishers

August 21, 2009
Scott Olson
Sallie Mae CEO Al Lord visited the company's Fishers office this morning in his latest effort to get the word out that his business and his employees' jobs are threatened by a government proposal.
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KINDELSPERGER: Historical advantages of endowments dive with marketRestricted Content

June 22, 2009
Kris Kindelsperger
Life has changed in higher education and changed very rapidly. The value of most endowments, just like our portfolios and 401(k)s, has plummeted. Today, institutions with the strongest bottom lines are likely to be those with strong management and business plans that work in today's economy.
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529 Plans remain solid vehicleRestricted Content

March 16, 2009
Indiana's CollegeChoice 529 Plans offer a number of great investment options to save for children's college costs.
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Indiana Public worker, teacher funds have lost $8B in 15 monthsRestricted Content

March 2, 2009
Peter Schnitzler
The state's two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive director and board.
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Papa's college funds hit the skidsRestricted Content

February 9, 2009
Mickey Maurer
When I read the year-end statements from the 529 College Saving Plans I had established for the benefit of my grandchildren, I felt lower than a snake's belly.
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Credit crisis reverses student lender's growthRestricted Content

February 9, 2009
J.K. Wall
ISM Loans is waiting to re-enter markets after halting its lending, changing its leadership and cutting 100 workers.
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Stimulus talk creates uncertainty at StatehouseRestricted Content

February 9, 2009
Ed Feigenbaum
Stimulus talk continues to dominate discussion at the Indiana Statehouse, creating indecision for lawmakers who were supposed to be devoting their full attention to assembling a two-year budget under difficult economic circumstances.
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Universities need to rein in tuitionRestricted Content

December 8, 2008
Unfortunately, there's a major stumbling block to education beyond high school — too many people in the state simply can't afford it.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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