Conn. Colleges And Universities Ask State For Financial Assistance
The Connecticut State College and University system needs $69 million dollars in the current economic year to avoid dipping into reserves. There are 17 public colleges and universities across the state.
Board of Regents President Mark Ojakian wrote to Governor Ned Lamont saying the system is in dire need of financial help due to lower enrollment and unforeseen expenses during the pandemic.
The request comes after the University of Connecticut asked for over $100 million to help stay afloat.
Without state help, the system will be forced to dip into its $174 million dollar cash reserves.