Apr 28, 2010 5:39 PM by Bea Karnes, News First 5
College presidents and educators are telling Colorado lawmakers they need flexibility to set tuition rates if the state wants them to give up $300 million in state funding.
Sen. John Morse, a Colorado Springs Democrat, says that's the only way colleges can stay open if the state cuts their funding. Lawmakers says they need the money to cover a projected $1.7 billion budget shortfall next fall. The Senate Education Committee delayed action until Thursday on a bill that seeks to raise an additional $300 million by requiring parents and students to pay more.
If the bill is approved, colleges would have to meet strict goals for graduation and employment of students or they would have to roll back tuition increases.