IU treasurer: School could operate at net loss by 2020

(AP) — 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.

Lukes also included several ideas into his presentation to the board for how IU can avoid a budget shortfall, which included increasing retention rates.

According to Lukes a 1 percent increase in the university-wide freshman retention rate would bring in $6 million.