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The plan would reallocate up to $25 million each year for the next four years to "financially challenged" institutions.
Officials with the Minnesota State colleges and universities system are expected to vote Wednesday on a proposal to shift funding from some of its smaller colleges to help two universities that are struggling financially.
The plan would reallocate up to $25 million each year for the next four years to "financially challenged" institutions. Most of that amount — a total of up to $15 million each year — would go to two schools: St. Cloud State University and Bemidji State University.
The money would be shifted from the Minnesota State system's other institutions, with the majority coming from two-year colleges.
Leaders say the stopgap measure is needed to financially support St. Cloud State and Bemidji State, which have faced enrollment declines and structural deficits.
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