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Thomas J. Snyder, president of Indiana's Ivy Tech Community College, announced Wednesday that he will step down as leader of the statewide system. Snyder, 72, was recently named as a member of the White House's College Promise Advisory Board, a coalition of educators, politicians and business leaders organized to promote free community college.

Ivy Tech's Board of Trustees approved a transition contract for Snyder that will allow him to retire in 2016. He has led the system, one of the nation's largest, since 2007.