None
EN
Minnesota State Mankato to undergo layoffs, hike tuition amid $22M shortfall
['Natalie Schwartz', 'Senior Editor']
Higher Ed Dive - Latest News
The financial imbalance we face is structural ,” Minnesota State Mankato President Edward Inch said in a video message to campus , adding that operating costs “ have continued to rise while tuition revenue and state support have not kept pace .”
Minnesota State Mankato is planning on other measures to cut expenses, including eliminating 21 graduate assistant positions and reducing purchases of equipment.
Unlike many other regional public universities, Minnesota State Mankato’s budget woes haven’t resulted from enrollment declines.
“The state faces a projected deficit for the next biennium, and legislators have a difficult task to balance the many needs of the state with relatively few resources,” Minnesota State Mankato said in a post this week.
Minnesota State Mankato officials cut nearly 100 programs — about 30% of its total offerings — last year in a bid to address budgetary issues, The Minnesota Star Tribune reported.