Couple donates $25M for DePauw dining hall, scholarships
R. David and Suzanne Hoover, both 1967 graduates of DePauw University, will contribute $9 million to need-based scholarships, with the rest providing the lead gift for Hoover Hall.
Education Finance
Articles
IU may hit jackpot by leasing parking in Bloomington, Indy
Indiana University is about two weeks away from issuing a request for proposals on a lease that would last 30 to 50 years, Chief Financial Officer Neil Theobald said. A similar deal at The Ohio State University generated $483 million.
Indiana public schools wage unusual ad campaign
Struggling Indiana public school districts are buying billboard space, airing radio ads and even sending principals door-to-door in an unusual marketing campaign aimed at persuading parents not to move their children to private schools as the nation's largest voucher program doubles in size.
New student-loan effort adding to ITT backlash
For-profit school operator ITT Educational Services Inc. told investors late last month that it had worked out a tentative deal with an outside party that would provide $100 million in loans to its students.
USA Funds CEO announces retirement
Carl C. Dalstrom says he will leave the student-loan guarantor on June 30, 2013. He has led the locally based not-for-profit since July 2000.
Sallie Mae plans to add 200 jobs in Muncie
The jobs are part of a $5 million expansion in which the company will add 20,200 square feet of space to its offices in Muncie. When finished next summer, the 75,000-square-foot facility will house 900 employees.
Ballard moves to shut down The Project School
Indianapolis Mayor Greg Ballard announced Tuesday evening that he intends to revoke the charter that gives The Project School the authority to operate. Ballard cited poor test scores and “recently discovered financial problems.”
Indiana politicians reassess role of higher ed as economy lags
After accepting the post of Purdue University president, Gov. Mitch Daniels finds himself at the heart of the debate over the value of a traditional college degree versus its cost and the needs of employers who simply want skilled workers.
Daniels unsure of lobbying role as Purdue president
The governor said Friday he was checking whether he could press members of the General Assembly on the university's behalf after he becomes Purdue's president in January, because of state ethics rules that require a one-year "cool down" for public officials after leaving office.
IU to roll out student financial literacy program
Indiana University says its plans to offer a financial literacy program to give students the tools to complete college without excessive debt.
Herff Jones closing yearbook plant with 130 workers
Herff Jones Inc. of Indianapolis has decided to close a yearbook manufacturing plant that employs 130 people in Matthews, N.C., by the end of the year.
IPS says it must cut $27 million from budget
The proposed cuts represent about 5 percent of Indianapolis Public Schools’ current budget. IPS Superintendent Eugene White will detail his spending-reduction plan on May 24 at the IPS’ central office building.
Judge says lawsuit can proceed against for-profit educator
A federal judge has ruled that a lawsuit can proceed against a large for-profit education company accused of using improper sales tactics to lure unqualified students and the billions of dollars in financial aid they bring. The company has two colleges in Indianapolis.
Student-loan debt-collection agencies garner criticism
Lucrative incentives paid to federal student-loan collectors are sparking criticism that not-for-profit loan-guaranty agencies are reaping a bonanza from the troubles of former students. USA Funds, the largest guaranty agency, is based in Indianapolis.
For-profit university eyes College Park office space
South Dakota-based National American University wants to turn 35,000 square feet on the second floor of a building in the College Park office complex into its latest campus.
Zionsville might pass on full-day kindergarten funds
Superintendent Scott Robison informally recommended in March that the school system take a pass on the new funding because it still does not fully cover the costs required to expand its kindergarten program from half days to full days.
Political, legal fights emerge over school vouchers
For all the arguments in favor of school vouchers, there are opponents who say vouchers erode public schools by taking away money, violate the separation of church and state by giving public dollars to religious-based private schools, and aren't a proven way to improve test scores.
Indiana to get $9.3 million for struggling public schools
Schools taking part in the federal funding must implement one of four intervention models to get their programs back on track and to boost students’ academic performance.
Tax caps zap schools in Zionsville; Lebanon district awash in cash
Changes made five years ago in state property-tax laws have strangled the school district in wealthy Zionsville, while schools in neighboring blue-collar Lebanon are in solid financial shape.
Battle for students raises financial concern for turnaround schools
Just 62 percent of the students at four IPS schools being taken over by turnaround operators have chosen to remain at the schools, a situation that could shrink funding. The operators say the district has stymied their ability to inform students and their parents about their plans.