MONEY MATTERS: Colleges cut back - KWWL - Eastern Iowa Breaking News, Weather, Closings

MONEY MATTERS: Colleges cut back

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DECORAH (KWWL) - Even Iowa colleges are cutting back in this economic slump.

Luther College in Decorah has delayed a $10 million campus project, while Coe College in Cedar Rapids froze faculty and staff salaries.

College officials say they need to strengthen enrollment because 80% of private college budgets comes from tuition, with endowment earnings and gifts making up the rest.

At the same time, schools must keep tuition low while maintaining programs for students.

Online Producer: Maria Magner

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