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Minnesota State’s Board of Trustees on Wednesday approved a proposal to transfer up to $25 million each year for the next four years to schools in financial crisis. The money would largely come from peer institutions — primarily two-year community and technical colleges.
For fiscal year 2028, $10 million would go to St. Cloud State University and $4.8 million to Bemidji State University. Officials with Minnesota State say the proposal is a short-term response to immediate pressures at the two schools, which already have made steep cuts to employee positions, academic programs and other costs.
During the meeting, Michael Berndt, president of two community colleges in the Twin Cities suburbs, noted his institutions have also faced years of layoffs, bigger class sizes,...
