Story perspectives
Minnesota Board Approves $25M Annual University Funding Shift
By Drooid · · How we work
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Story summary
- Minnesota State Board of Trustees approved shifting up to $25 million annually for four years to universities.
- About $15 million per year will go to St. Cloud State and Bemidji State, with $10 million and $4.8 million for fiscal 2028.
- Officials warn a $30 million deficit could grow to $100 million by summer 2028 without action.
- Chancellor Scott Olson said the shift may force campus closures or mergers, including Detroit Lakes, by summer 2028.
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