Can Mitchonomics Fix the Broken Business of Higher Ed?

The former governor of Indiana is applying his budget zeal at Purdue University.
Mitch Daniels, president of Purdue University.

Mitch Daniels, president of Purdue University.

Photographer: Whitten Sabbatini for Bloomberg Businessweek

On a balmy Friday evening in West Lafayette, Ind., Purdue University President Mitch Daniels arrives at the school’s Ross-Ade Stadium in a 2006 Toyota Avalon.

He’s wearing cargo pants, sneakers, a white Purdue golf shirt, and a black baseball hat emblazoned with Degree in 3, a plug for the university’s new plan to let students shave a year off undergrad. It’s an hour before the Boilermakers’ first home football game, and the 68-year-old former two-term Indiana governor strides toward a concession stand.