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“This is not a temporary change — this is an institutional inflection point that asks us to think about our work in new and bolder ways”
Citing declining enrollment and rising costs, the University of Minnesota president announced plans Thursday to implement major budget cuts over the next two years. All five of the public university’s campuses will be affected by the $225 million budget reduction; however, specifics have yet to be decided, University President Rebecca Cunningham said, the“Like colleges and universities all across the country, we are facing shifting enrollment trends, unpredictable state and federal funding, and rising costs,” Cunningham stated in an online.
“These issues are part of long-term sector trends that will continue for the foreseeable future. ” The $225 million represents approximately 12 to 15 percent of the university’s revenue, according to the message.
The planned cuts will accompany a tuition increase that the university’s Board of Regents approved in June alongside a total budget of $5.4 billion, KARE 11 News“This is not a temporary change — this is an institutional inflection point that asks us to think about our work in new and bolder ways,” Cunningham stated. , and campus closures have been a mark of higher education struggles across the country in recent years.
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