Education Finance

Goodwill to open four more dropout recovery schools

June 6, 2013
J.K. Wall
But further expansion is on hold because of a state freeze on new adult-focused charter schools. Lawmakers are concerned the schools are siphoning funds from K-12 education.
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Sallie Mae expects split to have 'limited' effect in Indiana

May 30, 2013
 IBJ Staff and Bloomberg News
The student lender wants to separate its education loan management and consumer bank businesses into two publicly traded entities. The firm is a major employer in Indiana, with more than 2,600 employees at offices in Indianapolis, Fishers and Muncie.
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Lilly Endowment's $3.4M grant to bring more teachers to Indy

May 22, 2013
Mason King
Indianapolis-based education reform group The Mind Trust will use the grant to help support teacher recruitment and training programs such as Teach for America.
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Ball State president among nation's highest paid

May 13, 2013
 IBJ Staff and Associated Press
BSU's Jo Ann Gora was the fifth-highest-paid public college president in the United States during the 2011-12 academic year, according to a new survey released Monday.
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Indiana schools seeing more success with tax hikes

May 12, 2013
Associated Press
Indiana school districts that won voters' approval last week for the majority of the tax increases they had sought to boost school funding may be becoming more skilled at selling the public on the need for those tax hikes.
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IUPUI students, faculty keep watch on parking issueRestricted Content

May 4, 2013
Kathleen McLaughlin
Opponents of privatization fear trustees will take action on the controversial issue over the summer.
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Sinking enrollment still a drag on ITT Educational

April 25, 2013
 IBJ Staff
Profit and revenue fell dramatically in the first quarter as students continued to steer away from the Carmel company, one of the country's largest for-profit colleges.
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Former U.S. education leader to take over USA Funds

April 24, 2013
 IBJ Staff
William D. Hansen, 53, served as Deputy U.S. Secretary of Education from 2001 to 2003. He'll replace current CEO Carl C. Dalstrom, who is retiring after more than a decade leading Indianapolis-based USA Funds.
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Pay rises faster at Indiana public universities than national peers

April 11, 2013
J.K. Wall
The campus with the highest-paid faculty was Purdue at West Lafayette, where the average salary was $101,000, followed closely by IU-Bloomington, where salaries averaged $98,400.
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Rally denounces proposed Indiana voucher expansion

March 19, 2013
Associated Press
A proposal to expand Indiana's private school voucher program was denounced during a Statehouse rally on Tuesday as a step that would take millions of dollars away from the state's public schools.
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Daniels cuts merit raises of top Purdue staff

March 18, 2013
Associated Press
Purdue University President Mitch Daniels on Monday eliminated merit raises for administrators earning more than $50,000 annually over the next two years in the first in a series of cost-cutting moves to cover the estimated $40 million cost of freezing tuition rates through 2015.
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ITT fights to stem tumbling enrollmentRestricted Content

March 16, 2013
J.K. Wall
A federal investigation and a shareholder lawsuit are the latest headwinds to threaten ITT Educational Services Inc., which is trying to reverse a precipitous decline in enrollment.
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IU president encouraged by state budget plan

March 14, 2013
Associated Press
A proposed boost in the state's higher education funding is an encouraging step after more than $150 million was cut during the recession, Indiana University's president said Thursday.
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Indiana Senate budget panel looks at college funding

March 14, 2013
Associated Press
The Senate Appropriations Committee is examining the state of higher education funding as it continues Indiana's budget deliberations.
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Bill would add rules for Indiana financial aid

March 11, 2013
Associated Press
A bill making its way through Indiana's General Assembly would change the laws governing need-based state financial aid to add more requirements for students.
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Purdue to put nix on tuition hikes for 2 years

March 1, 2013
Associated Press
The freeze means the cost of basic in-state tuition at Purdue University will remain about $10,000 until the end of the 2014-15 school year.
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Purdue hopes huge donation first of many under Daniels

February 19, 2013
Dan Human
Purdue University has high hopes that former Gov. Mitch Daniels’ new role as president and donation pitchman eventually will help double charitable contributions to the school.
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Ivy Tech to go after student debtors' tax refunds

February 3, 2013
Associated Press
Students who owe Ivy Tech Community College money will have their tax refunds diverted to cover the debt under a new policy the statewide college system is implementing.
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Governor, Indiana House GOP seek vouchers, pre-K aid

January 17, 2013
Associated Press
Gov. Mike Pence and top Republican legislators plan to barrel ahead this year with the "freight train" of education changes sought by Indiana's former governor, including proposals to expand school vouchers and use private money to send children to preschool.
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LEADING QUESTIONS: Mind Trust CEO takes stock of IPS reform proposal

January 11, 2013
Mason King
LQ_David_Harris_mind_Trust_WatchVideoWhat exactly does The Mind Trust do? What happened to its report on remaking IPS? Do you need teaching experience to reform education? David Harris has answers.
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ITT agrees to pay Sallie Mae $46M to settle suit

January 7, 2013
Scott Olson
Wall Street reacted unfavorably to the settlement Monday, as ITT shares fell as much as 22 percent, to $15 a share. Shares traded for more than $66 about 10 months ago.
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State's full-day kindergarten enrollment grows

December 11, 2012
Associated Press
The number of Indiana children enrolled in full-day kindergarten has increased by 19 percent since the state more than doubled spending for the program.
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Voters embrace education reform locally, but not in state race

November 7, 2012
Scott Olson
Three new reform-minded IPS board members could help usher in sweeping changes to the school district. At the state level, however, school librarian Glenda Ritz denied Tony Bennett a second term as voters spurned his sweeping education overhaul.
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IU may hit jackpot by leasing parking in Bloomington, Indy

August 25, 2012
Kathleen McLaughlin
Indiana University is about two weeks away from issuing a request for proposals on a lease that would last 30 to 50 years, Chief Financial Officer Neil Theobald said. A similar deal at The Ohio State University generated $483 million.
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Indiana public schools wage unusual ad campaign

August 20, 2012
Associated Press
Struggling Indiana public school districts are buying billboard space, airing radio ads and even sending principals door-to-door in an unusual marketing campaign aimed at persuading parents not to move their children to private schools as the nation's largest voucher program doubles in size.
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