Public Colleges Have Burned Through Nearly $10B in Stimulus Money
FORT COLLINS, Colo. (AP) — America's public colleges and universities have burned through nearly $10 billion in government stimulus money and are still facing more tuition hikes, fewer course offerings and larger class sizes.
Many college students are already bearing the brunt of the cuts in their wallets as they prepare for their future careers.
Dan Hurley, director of state relations for the American Association of State Colleges and Universities, says the next academic year is going to be the hardest one on record for cash-strapped colleges.
He says the higher education system has entered a phase in which cuts will begin to affect academics.
Public university systems used the stimulus to prevent deeper layoffs, maintain degree programs and keep campuses open and are now bracing for the end of the federal program.