Posted: Sep 13, 2012 5:45 PM by Alyse Rzemek
FORT COLLINS, Colo. (AP) - Colorado State University President Tony Frank is warning of a future without state funding for higher education in seven to 10 years if Colorado doesn't change the way it manages its resources.
Frank said Thursday in his annual fall address that CSU has begun planning for the possibility of no public funding.
Public universities and colleges have been a target of cuts as state legislators dealt with tight budgets in recent years and laws that limit state taxing and spending.
Frank says the university's long-term plan will focus on increasing enrollment of out-of-state students who pay more tuition than in-state students, ensuring CSU is a school of choice within Colorado, and pushing for excellence.
The university also has been cutting costs and has embarked on major fundraising initiatives.