Sunday, March 9 2014 8:35 PM EDT2014-03-10 00:35:58 GMT
LOUISVILLE, Ky. (WDRB) --- Louisville head football coach Bobby Petrino held a news conference before the Louisville-UConn men's basketball game Saturday to preview the start of spring football. The CardinalsMore >>
Petrino talked quarterback competition and the arrest of an incoming freshman, among other topics...More >>
Follow the WDRB Newsroom, Reporters and Anchors.More >>
Tweets from the WDRB Newsroom, Reporters and Anchors.More >>
ANDERSON, Ind. (AP) -- Ivy Tech Community College is asking the Indiana Department of Revenue to divert tax refunds of students who owe the college money.
Chief Financial Officer Chris Ruhl tells The Herald-Bulletin that the college loses out on about $12 million each year because of student-owed debt. That's about 1.5 percent of the college's general fund.
He says collection agencies only recover about $1 million a year.
Most of the money owed is related to federal financial aid owed by students who drop classes but fail to repay the assistance.
The statewide college has implemented a tax intercept program in an effort to improve those collections. Ruhl says Purdue University and other colleges use the program and predicts that it will be a "significant tool" for Ivy Tech.