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Minnesota State shifts money to St. Cloud State and Bemidji State
The Minnesota State board of trustees approved a plan to redirect up to $25 million a year for four years to struggling institutions, with about $15 million a year going to St. Cloud State and Bemidji State, which have faced enrollment declines and deficits. Officials call it a temporary fix while the system plans a broader realignment. Some two-year college officials raised concerns about the burden on their schools.
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How each side sees it
System leaders saythe universities' reserves have fallen too low and the money is a temporary bridge while the system realigns.
Some two-year college officials saythe plan puts a financial burden on community and technical colleges.
Sources
- MPR News: Minnesota State approves plan to shift funding to St. Cloud State, Bemidji State
- MinnPost: Minnesota State approves plan to use community college funds to help struggling universities
- InForum: M State approves plan to use community college funds to help struggling universities
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