Saint Joseph’s College says financial woes led to suspension of operations
The Catholic institution in Rensselaer had been operating on an annual deficit of $4 million to $5 million year after year and has exhausted all its credit.
Colleges and Universities
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Former higher ed chief Stan Jones dies
Jones was a behind-the-scenes architect of Gov. Frank O’Bannon’s efforts to create a community college system.
NCAA to pay $208M settlement in antitrust case
The Indianapolis-based NCAA has agreed to pay $208.7 million to settle a federal class-action lawsuit filed by former college athletes who claimed the value of their scholarships was illegally capped.
Daniels calls Trump’s immigration order ‘bad idea,’ urges him to revoke it
The Purdue University president said in a written statement that "if the idea is to strengthen the protection of Americans against terrorism, there are many far better ways to achieve it.”
Will Butler’s basketball success lead bigger schools to recruit its coach?
Four of Butler’s last five coaches have moved on to bigger, better-paying programs.
Ball State fills yearlong vacancy in president’s office
Ball State University’s trustees hired Geoffrey S. Mearns as president Tuesday, a year after the school’s previous leader resigned without explanation. He expects to take the new job by August.
Bankruptcy trustee appears poised to sue former ITT brass
Deborah Caruso has launched a no-holds-barred inquiry into the defunct company's business practices and is seeking documents and depositions from the accounting firms that audited its books.
Holcomb seeks $2 million per year to provide free training for high-demand jobs
The plan to skill up Indiana’s adult workforce could help prepare the state to fill an estimated 1 million jobs by 2025, most of which will be openings created by the impending retirements of baby boomers.
New scholarship for teaching garners interest from students
The $7,500 annual scholarship will cover about one-third of costs at a public college in Indiana beginning in the 2017-2018 academic year. The median cost in a public college in Indiana is $21,000 per year.
Ed-tech startup raises $1.25M from investors, including Simon family members
This is the second capital raise for ClearScholar, which runs an app for college students that aims to be a primary digital destination for school information.
Butler team plane loses pressure, scaring team, staff
The charter plane was flying from LaGuardia Airport to Indianapolis after Thursday’s 76-73 loss to St. John’s.
IUPUI awarded $1.5M to help manufacturers find energy savings
The school’s program already has recommended $11 million in savings for more than 75 companies since 2011.
Email reveals rifts between ex-Ball State chief, board chair
A Muncie newspaper has obtained an email revealing tension between former Ball State University President Paul Ferguson and the school’s governing board chairman before the president’s sudden exit.
Purdue freezes room, board rates for fifth year in a row
Campus housing costs will range from about $2,500 to $9,500 per academic year depending on what kind of facilities students choose.
Indiana’s online schools fall short but are allowed to carry on
Since their start in 2009, Indiana’s online schools have grown tremendously, and enrollment now tops 11,000. But every online school in the state that tested students in 2016—including four charter schools—received an F grade.
After Kentucky test drive, Eleven Fifty mulls bigger expansion
Eleven Fifty Academy is wrapping up a program in Kentucky that involves teaching former coal miners how to code. Its president is considering replicating the classes elsewhere.
Court revives claims in concussion suit against NCAA, Notre Dame
A state appeals court has ruled that the widow of a former Notre Dame football player can proceed with claims in a lawsuit that said her husband was disabled by and ultimately died from concussion-related head injuries suffered during his college career.
Tech entrepreneur Don Brown donating $30M to IU School of Medicine
The gift is the largest to the IU School of Medicine by an alumnus. The medical school will use the money to establish the Brown Center for Immunotherapy to fight some of the world’s toughest diseases.
USA Funds to shed role as student loan guarantor
The Fishers-based not-for-profit announced Wednesday that it will transfer ownership of two affiliates—United Student Aid Funds and Northwest Education Loan Association—to Madison, Wisconsin-based Great Lakes Higher Education Corp. on Jan. 1.
IU treasurer: School could operate at net loss by 2020
Indiana University is on a trajectory to be operating at a net loss of about $70 million by 2021, the school's treasurer told the board of trustees.