News - Local
Colleges bracing for lower state funding
Posted: Sep 30, 2010 6:20 AM by Bea Karnes, News First 5
Updated: Sep 30, 2010 6:21 AM
Colorado colleges are bracing for lower state funding next year and some are drafting alternative plans to raise tuition by more than 9 percent.
Rico Munn, director of the Colorado Department of Higher Education, said Wednesday colleges may have their state funding cut from $705 million this year to $555 million or less next year.
Munn said state colleges and universities that want to raise tuition above the mandatory cap of 9 percent must submit alternative plans by Oct. 1.
The applications must then be approved by the Colorado Commission on Higher Education.
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