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College stumble as endowments fall

Source: Posted By: Williams M...4600 days ago

Trend is nationwide, a result of the recession. As schools seek donors, they cut scholarships, redirect funds to get by.

Georgia’s public and private colleges have eliminated some scholarships and scrambled to find money for some positions and research projects as endowments dwindle in a harsh economy.

The endowments the colleges use to help pay for scholarships and other programs have declined by about 25 percent over the past year, according to officials at several Georgia colleges.


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