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Dwindling state support sparks searches for private funding.

Publication: Mississippi Business Journal
Publication Date: 28-JUL-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Dwindling state support sparks searches for private funding.(Focus)

Article Excerpt
The role of private funding is playing an increasing role in helping public universities achieve their higher education missions. Four of Mississippi's public universities expressed to the Mississippi Business Journal that this role is becoming more important as the percentage of state funding decreases. Representatives of these universities also believe this funding will continue in spite of a slowing national economy.

"Many public institutions depend on state governments for the bulk of their operating support. However, in the last 20 years, states have systematically reduced spending on higher education," said Linda J. Daniels, director of development for Jackson State University (JSU). "Public institutions are forced to raise tuition and rely more on private support from alumni, friends, corporations, organizations and foundations."

Feeling the pressure

Other funding pressures include increased institutional investment in student aid, keeping pace with scientific knowledge and updating and maintaining...

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