December 21, 2001

Indiana U. Pulls Out of Direct Lending

Indiana University has decided to stop participating in direct lending, delivering a bruising blow to the U.S. Education Department's eight-year-old program.

In announcing the decision this month, university officials said that their Bloomington and South Bend campuses, which have participated in direct lending since 1994, would return to the bank-based guaranteed-loan program in the next two to three years. They said that the change would save money and increase efficiency as the

Print Subscription

Digital Subscription

Already have an account? Log In Now.