University-wide, more than 4,000 seniors qualified for the incentive for a total cost of about $1,188,600.
Members of the Indiana University Board of Trustees say they expect to approve an average 3% raise for school employees.
IU President Guest-hosts WFIU's "Just You and Me."
In his first State of University address since 2008, McRobbie spoke of the many things that have changed in Bloomington and the country in the past 16 months.
Indiana University President Michael McRobbie Tuesday announced the creation of a committee charged with considering new academic programs.
"Tell your story" was the theme of Tuesday's Hoosiers for Higher Education rally at the Statehouse.
Indiana University President Michael McRobbie dedicated the university's new Innovation Center on Monday. It will open officially in January 2010.
As a response to concerns from the State Budget Committee, IU's President has begun a program which could offset some of the school's planned tuition increases.
Indiana University's next budget will raise tuition, but also makes sweeping changes in an effort to lower costs to undergrads who make their homes in-state.