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Private colleges tell legislators of their financial woes

We’ve heard from the U of M and the state university system about budget cuts; now the private colleges are weighing in at the Legislature with their financial woes.

Macalester College President Brian Rosenberg told a House hearing Thursday that the college’s endowment funds have shrunk and its fundraising environment is terrible because of the economic recession, reports the House Public Information Services office.

About 70 percent of Macalester students receive some level of need-based financial aid, and the state contributes some of that. Building projects are being delayed or stopped, and he expects a wage freeze for most Macalester employees.
 
And College of St. Catherine President Sister Andrea Lee said state grants help many students at St. Kate’s. Most students at private colleges do not come from wealthy families, even though many think they do, she said.

She urged lawmakers not to use cuts in funding for higher education to help solve the state budget crisis.

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