ITT agrees to pay Sallie Mae $46M to settle suit
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.
Colleges and Universities
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Pennsylvania to sue NCAA over Sandusky-related penalty
Pennsylvania Gov. Tom Corbett said he will sue the Indianapolis-based National Collegiate Athletic Association, challenging a $60 million fine levied against Penn State University for its role in the Jerry Sandusky sex-abuse scandal.
Ball State’s charter school oversight criticized
A report from a charter school sponsor trade group recommends closing charters that rank in the bottom 15 percent of their state's standardized test scores. Under that standard, 10 of Ball State's 38 charter schools would be closed.
Crossroads Classic pleases fans, but long-term future uncertain
The two-year trial of the Crossroads Classic doubleheader basketball event has drawn capacity crowds to Indianapolis. But there are still scheduling concerns to be worked out if the fledgling event is to become a long-term college basketball tradition.
Speculation grows about Butler leaving Atlantic 10
Butler University President James Danko has said little to counter reports that Butler is considering leaving the Atlantic 10 Conference for a newly formed league.
Ivy Tech planning $96M South Bend campus expansion
The proposal includes a large addition at the campus, a student life center and other improvements that would nearly double Ivy Tech's current 258,000 square feet.
Daniels’ Purdue pay 10th among Big 10 presidents
Outgoing Gov. Mitch Daniels would be paid $420,000 a year in his new job as president of Purdue University under an incentive-based contract approved by the school's board of trustees' compensation committee.
Marian University wins national football title
Marian University of Indianapolis captured its first national title Thursday night in only its sixth season of football.
IU policy school hires ex-Fort Wayne Mayor Helmke
Helmke will join the faculty of the School of Policy and Environmental Affairs. He also run the Civic Leaders Living-Learning Center to train first-year IU students in government, politics and policy.
Student group urges campus-wide strike at IU
Indiana University students concerned about reductions in state funding for higher education and IU’s management of programs are calling for an all-campus strike in April in protest.
Retirement could change for some IU officials
Many high-ranking administrators at Indiana University would be allowed to work past the school's current mandated retirement age of 65 under a proposed new policy that one official said would better reflects current careers.
Lugar starting Washington program for UIndy
Lugar is starting an internship program with the University of Indianapolis that will operate out of Washington, D.C. He has also agreed to deliver a handful of lectures each year as a distinguished professor at the private university.
Purdue hires football coach Hazell from Kent State
Purdue University has hired Darrell Hazell as its new football coach. Hazell won this season's Mid-American Conference coach of the year award after leading Kent State to its first winning season since 2001.
Purdue to shut down construction inspection office
Purdue University plans to eliminate 22 jobs by shutting down its in-house construction inspection department.
IU Treasurer McCourt slated to become interim CFO
MaryFrances McCourt would replace Neil Theobald, who is leaving IU at the end of the year to become president of Temple University.
IU researchers help address software security issues
Researchers from Indiana University's Pervasive Technology Institute will serve as collaborating partners on a major grant from the U.S. Department of Homeland Security to address vulnerabilities arising during the process of software development.
Purdue makes quick decision to fire football coach Hope
Purdue wants a football team that can get to the Rose Bowl, and decided Danny Hope was not the coach to take it there. Replacement names already percolating include Northern Illinois’ Dave Doeren, Illinois State’s Brock Spack and Ball State’s Pete Lembo.
Rutgers follows Maryland to Big Ten, leaving Big East
Rutgers University is moving to the Big Ten Conference, ending a more than two-decade affiliation with the Big East as it looks to strengthen its athletic, financial and academic standing.
Maryland leaving ACC to join Big Ten in 2014
Maryland will become the southernmost member of the Big Ten member starting in July 2014. Rutgers is expected to follow suit by Tuesday, splitting from the Big East and making it an even 14 schools in the Big Ten.
IU online program getting big overhaul
University is opting to open more courses to the masses.