Public colleges tap private funds as state support dwindles

As state subsidies for higher education are dwindling, public colleges in the Washington region and elsewhere are learning they must tap private funds to survive, reports the Washington Post. Fundraising by George Mason University rose from $3 million in 1990 to $32 million in 2010, according to an industry survey by the Council for Aid to Education. After adjusting for inflation, that amounts to a nearly four-fold increase…

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