Education Finance

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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Pacers, Ivy Tech join forces to offer scholarshipsRestricted Content

December 1, 2008
The Indiana Pacers and Ivy Tech Community College have teamed to offer six statewide scholarships to Ivy Tech students.
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Central Indiana colleges on alert to slow spendingRestricted Content

November 24, 2008
J.K. Wall
Most colleges and universities in central Indiana are being especially frugal because the value of their university endowments has plunged along with the market,donations may decrease, and enrollment may decline, due to lack of student loan availability.
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Indiana's new superintendent of public instruction ready to tackle challengesRestricted Content

November 24, 2008
Scott Olson
Tony Bennett, Indiana's new superintendent of public instruction, says his priorities include restoring discipline to the classroom, recruiting topnotch teachers and adequately compensating them, increasing the percentage of education dollars spent directly on instruction, and reducing regulations so schools can focus more on student instruction.
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