That leaves only one candidate, because a third finalist withdrew earlier, so the university now will reopen the search, according to The Tribune-Star of Terre Haute.
Trustees hope a new president can be chosen by late May and appointed by July 1, though an interim president might have to be named.
The new president will replace Lloyd Benjamin, who said last year he planned to step down in June.
The search committee may talk to potential candidates who originally weren't interested and others. The committee will recommend three to five candidates to trustees, who will then bring two or three finalists to campus.