IU president announces hiring slowdown

BLOOMINGTON, Ind. He says IU wasn't hit as hard as some other schools by the financial meltdown, but needs to take steps because the school may see lower interest income, less philanthropic giving and smaller student loans.

McRobbie made the comments in his State of the University address yesterday.

He has requested a slowdown in the hiring of nonfaculty positions and has asked for a list of cost saving measures within a week that could be put into place quickly.

He also says a task force will find ways to help students and their families find affordable student loans.