Oklahoma Higher-Ed System Faces New Financial Crisis

Thursday, May 9, 2013

Unless lawmakers find the money, Oklahoma higher education facilities will be forced to fork over an additional $24 million a year in bond costs that education leaders believed were going to be shouldered by the state.

The latest bad financial news prompted University of Oklahoma President David Boren to declare: "We are doing away with public higher education step by step."

That's not much of an exaggeration. Boren said higher education funding from the state is down $100 million a year compared with 2008-09 - cutbacks that have had to be absorbed by state colleges and universities or passed along in the form of tuition hikes.

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