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Ivy Tech starts receiving $6M bookstore bonus

June 11, 2008
Ivy Tech Community College will receive the first of three $2 million signing bonus checks from Follett Higher Education Group today.
In March, Ivy Tech announced an eight-year agreement with Illinois-based Follett for the management of Ivy Tech's 27 bookstores across the state. The agreement included a $6 million signing bonus for the college, which will pay for $1.7 million in renovations and improvements in service to the bookstores.
The total signing bonus will be paid over the eight-year length of the contract.
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