Colo. colleges given flexibility to raise tuition
DENVER—Calling it a stopgap measure to save higher education, Gov. Bill Ritter signed a bill Wednesday giving Colorado colleges more flexibility to set tuition rates.
"Higher education has reached a funding crossroad here in Colorado and many states across the country. We face serious challenges if we do nothing. This is not a long-term fix; this is not a panacea," Ritter said as college presidents and lawmakers joined him in his office.
Lawmakers say the legislation was necessary because the state plans to cut college funding by $300 million next year to cover a projected $1.7 billion budget deficit.
Colleges were notified they should plan for up to a 50 percent cut next year in
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