The Interview Issue: Tony Bennett
Former Superintendent of Public Instruction Tony Bennett helped push through monumental changes in Indiana education policies. But teachers revolted against Bennett, leading to his stunning re-election loss in 2012.
Education Finance
Articles
Council Dems say they’re pushing preschool debate into 2016
City-County Council President Maggie Lewis and Vice President John Barth said children could be served next year by the state’s much smaller pilot program, which will reach nearly 800 economically disadvantaged four-year-olds in Marion County.
ITT shares plunge 35 percent after SEC threatens action
ITT Educational Services Inc. dodged a bullet from the U.S. Department of Education, according to a securities filing issued Friday morning, but now faces a new threat: a potential enforcement action from the U.S. Securities & Exchange Commission.
ITT cash crunch has analysts raising spectre of bankruptcy
Carmel-based ITT Educational Services no longer has a margin of error, as it tries to dig out from a scuttled real estate deal, tightened rules from lenders and the feds, and its CEO’s pending resignation.
Ballard proposes $50M preschool program as part of crime initiative
Mayor Greg Ballard on Wednesday proposed a 5-year program to pay for preschool for 4-year-olds from low-income families. He also floated hiring another 280 police officers. The cost to the average household would be $86 per year.
For-profit colleges tap GI Bill loophole for business
The so-called “90/10 rule” limits a for-profit college to getting no more than 90 percent of its revenue from the government. However, veterans’ and military tuition programs are excluded from the cap, and the colleges have aggressively recruited from the military.
Sallie Mae spinoff Navient tries not to shrink
Navient Corp., which employs 2,300 in its Fishers, Indianapolis and Muncie offices, is in the running for a big contract with the U.S. Department of Education even as the student-loan-servicing company faces criticism after admitting it overcharged military service members by millions of dollars.
For-profit educator closing 12 campuses in 11 states
Corinthian Colleges Inc., which competes against Carmel-based ITT Educational Services Inc., said Tuesday that a campus in Indiana is on its closure list.
IU students get more information, borrow less
A simple letter from Indiana University led its students to reduce borrowing by far more than the national average last academic year. Federal undergraduate Stafford loan disbursements at the university dropped 11 percent, or $31 million.
ITT Educational says access to student-loan funds in danger
Carmel-based ITT Educational Services Inc. said the U.S. Education Department may limit its access to student-loan funds because the company is unable to provide audited financial statements.
IPS, Mind Trust choose school-turnaround fellows
The fellows will work to develop new approaches for struggling IPS schools, including concepts that focus on entrepreneurship and the Montessori method.
New state incentives to keep quality students lack funding
A plan to keep top-performing students home in Indiana after they graduate from college passed the General Assembly unanimously earlier this year, but it could face trouble as lawmakers decide how to fund it.
New law paves way for more adult high schools
To get approved, a school must have programming that differs from a regular high school, has flexible scheduling, provides the majority of the instruction in the classroom, and offers dual credit or industry certifications.
UPDATE: ITT’s stock tumbles after report of loan losses
ITT Educational Services Inc. stock plunged more than 31 percent Thursday after it announced that it spent an extra $43.7 million in the first quarter to cover mounting losses on private student-loan programs.
Purdue trustees OK tuition freeze for 3rd year
The trustees' approval means students who entered Purdue University in the fall of 2012 will never see an increase in tuition.
Sallie Mae, Justice Department in $60M settlement
Student lender Sallie Mae has reached a $60 million settlement with the Justice Department to resolve allegations that it charged members of the military excessive interest rates on their student loans, the federal government announced Tuesday.
U.S. student-loan debt adds to growing wealth gap
Roughly 37 million people in the U.S. are saddled with $1 trillion in student debt, a factor contributing to the widening of the gap between rich and everyone else in the country.
Lawmakers OK bill keeping school buses on the road
Legislators delivered a temporary reprieve to Westfield Washington Schools and other districts facing steep losses in their transportation budgets, but the final version of House Bill 1062 did not allow some to test the market for school-bus advertising.
Feds revise for-profit college rules after court block
ITT Educational stock fell Friday after the Obama administration said it has revised its regulatory package for for-profit colleges, rewriting a proposal that the education industry blocked in court almost two years ago.
Plan would help pay loans for some Indiana teachers
The legislation would provide loan reimbursements of up to $9,000 for some of those teaching science, technology, engineering or math.