DN TUESDAY, MARCH 19, 2013
SUCCESS IS IN THE DRESS SEE PAGE 6
THE DAILY NEWS
Daniels cuts pay increases for staff Former Indiana governor says Purdue to focus on affordability | THE ASSOCIATED PRESS WEST LAFAYETTE, Ind. — Purdue University President Mitch Daniels on Monday eliminated merit raises for administrators earning more than $50,000 annually over the next two years in the first in a series of cost-cutting moves to cover the estimated $40 million cost of freezing tuition rates through 2015. Purdue posted a letter from Daniels on his web page Monday saying the move will apply to senior administrators, deans and administrative and professional staff. It will save the university $5 million over the next MITCH DANIELS Purdue Univertwo years, he said. “It has been too easy in higher sity president education for institutions to de- will cut administrative pay cide first what they would like to spend, and then raise student bills to produce the desired funds. That approach has run its course,” Daniels wrote in the letter. “At Purdue, we will make our first goal affordability, accommodating our spending to students’ budgets and not the other way around.” The merit raise elimination doesn’t apply to faculty or clerical and service staff, Purdue said. Other cost-cutting moves will be announced in the coming weeks and will address expenses and practices across all central university units, Daniels said. Every academic, administrative and auxiliary unit of the campus will be asked to closely examine all activities and their costs. The cost of the tuition freeze represents 1 percent to 2 percent of the university’s base budget over the biennium, Daniels said, and Purdue should be able to cut more than that. “I believe we should set our sights higher and work to create savings above the $40 million that can be used to augment our inadequate funds for scholarships and/or to extend the tuition freeze further,” he wrote in his letter. Daniels announced March 1 that it would freeze the cost of tuition at its main campus in West Lafayette over the next two years because of the lingering weak economy. The cost of basic in-state tuition there will remain about $10,000 a year until the end of the 201415 school year. The last year without a tuition increase on the main campus was 1976. Daniels became Purdue’s president in January after completing two terms as Indiana’s governor.
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COSTS (PER 5 MINUTES) FOR SKIPPING CLASS Based on a 15 credit hour course load for students paying in-state tuition.
Skipping class can impact more than students’ grades
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kipping one hour of class a week costs Ball State students about the same amount as two movie tickets, a fifth of alcohol, dinner or an iPhone case. For a student taking 15 credit hours in a semester, a three-credit hour class costs $55.44 each week. Dividing the cost of tuition each semester by the number of credit hours per week breaks down the exact cost of each class. Ball State’s in-state tuition, excluding extra fees, financial aid and room and board, is $4,159 per semester for the 2012-2013 academic year. At this rate, skipping a three-credit hour lecture class just one time costs about $18.48. For out-of-state students the cost more than doubles because tuition is $11,494, without fees or room and board, and the cost for a three-credit hour lecture class is $153.27 per week. Sophomore architecture major Max Wurster said he knows that without a college degree, people in the job market won’t consider him, so he feels the money is worth it. “I am fortunate enough to have my parents pay for it and [going to class] is something I feel I owe to them,” Wurster said. “It’s not healthy to throw away money like that.“ Dan Boylan, a finance instructor, said he would recommend strong students in manageable subject areas take the maximum 18 credit hours, getting more classes for the
same amount of money. “I just think students need to get the most out of their money at school,” Boylan said. “There are so many programs, so many opportunities, so many leadership conferences; they need to take everything in. That’s what it’s here for.” Michael Hicks, director of the center of business and economic research, said high costs can be a motivator for students to attend class. “Skipping rates at more expensive universities are much lower and graduation rates at more expensive universities are much lower,” Hicks said. “It is probably the more expensive college is, the more seriously students tend to take their part of their education.”
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MUNCIE, INDIANA
DN PHOTO ERIC DEBUYSSER
$25 to a borrower on the other side of the globe. It has lent out more than 400 million loans as of Monday. However, Jackley had not always had this plan in mind. She graduated from Bucknell University with a Bachelor
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of Arts in philosophy and political science where she said she “never had any interest in [business] at all.” Before she created Kiva, she worked as a temporary assistant at the Stanford School of Business in the Center for
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DN ILLUSTRATION MICHAEL BOEHNLEIN
$8.75 $10.30
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$69.33 $63.99 $59.40 $55.44 $51.99 $48.93 $46.20
$23.11 $21.33 $19.80 $18.48 $17.33 $16.31 $15.40
$0.38 $0.36 $0.33 $0.31 $0.29 $0.27 $0.26
Social Innovation. “It sort of hit me all at once as I was sitting there one day. I looked around and suddenly saw that I was around a lot of people that resonated with me and that I considered my heroes,” Jackley said. Three years passed before Jackley decided to quit her job and jump into the world of microlending. “I begged my way into an internship that gave me an excuse to go talk to 150-or-so entrepreneurs that got $100 grants to start their businesses,” Jackley said.
See EIL, page 4
AP| BRIEF
PASTOR: FAITH NOT A FACTOR IN DEATHS
NEW ALBANY, Ind. (AP) — A southern Indiana man whose wife and two children were found dead in a creek last week said he has no idea what happened to them, but the family’s pastor said he doesn’t believe faith played a role in their deaths. Pastor J. Todd Nichols of Greater Faith Church in New Albany told WHAS-TV for a story Monday that the deaths of 35-year-old Jamie Clutter, 10-year-old Brandon Clutter and 6-month-old Katelyn Clutter have been painful for the church. The nude bodies of the Clutters were found Wednesday in a shallow New Albany creek. Police say they found a baby harness and a Bible nearby. Nichols said Jaime Clutter was a deeply spiritual person but that he and her husband, Michael Clutter, don’t think faith played a role in her death. “Obviously the situation is very grave and painful for our church,” he said. “We have no idea how things turned out the way they did or why they did, and we just ask the community to pray with us to find the truth.” Autopsies showed the children had drowned. Jamie Clutter’s cause of death is still undetermined. Investigators are waiting for more information from toxicology reports, which could take several weeks. The Clutter family had recently moved to New Albany from Washington state. Michael Clutter said he doesn’t “have a clue” why his family was killed. Their bodies were found in a park less than a mile from their apartment. “My wife was just a very sweet person and she was the best mother to the kids that anyone could ever have,” Clutter said. “I wish somehow I could have them back,” he said. “I would give anything to have them back.”
THE BALL STATE DAILY NEWS
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* for a 3 credit hour class
JESSICA JACKLEY, founder of Kiva
Jessica Jackley, the founder of Kiva.org, speaks about her experience founding the organization. Jackley’s organization helps entrepreneurs in developing countries by connecting them with investors willing to help the businesses get off the ground.
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AVERAGE COST FOR FULL-TIME, IN-STATE STUDENTS
a dream job and you get something close, sometimes that can be all you need. »
ARIC CHOKEY STAFF REPORTER | aachokey@bsu.edu
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« If you’re aiming for
Business owner uses microlending to alleviate poverty
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EMMA KATE FITTES CHIEF REPORTER emfittes@bsu.edu
Entrepreneur shares ‘Kiva’ mission
Being paid in joy and fun was almost enough for the cofounder of Kiva.org, an organization that utilizes microlending to finance entrepreneurs and their start-ups in developing countries. Jessica Jackley shared her experiences of being an entrepreneur and her founding of Kiva, as well as some of her other projects. Her presentation took place Monday evening in Pruis Hall as part of the Excellence in Leadership speaker series. Jackley said the mission of Kiva is to “connect to people through lending to alleviate poverty.” The project is a 501(c)3 non-profit organization that connects microfinance institutions to lenders who can then lend as little as
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IT COSTS TO CUT
Credit hours per semester
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