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Minnesota Board Approves $25M Annual University Funding Shift

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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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