SCSU, MnSCU Leaders Make Financial Recovery Plans
ST. PAUL (AP) - Declining enrollment at Minnesota's state-run colleges and universities has campus leaders drafting new plans to deal with decreased funding.
Minnesota State Colleges and Universities system administrators say 11 campuses have drafted financial recovery plans to deal with funding deficits. The system lost nearly $44 million last year, or about 2 percent of its budget.
Overall enrollment dropped 3.6 percent, though some campuses had declines in the double digits. St. Cloud State is among the hardest hit. Enrollment has dropped about 17 percent since 2011 and is expected to decline another 5 percent this year. St. Cloud State President Earl Potter told trustees Tuesday the university didn't see its underlying weaknesses several years ago because enrollment was surging.
Trustee Duane Benson says the campuses face cuts, but says they're manageable.