UMD budget: "rethinking how we do business"

Sep 21, 2016

Credit Steve Rhodes/Flickr

You can't put yourself - or your kid - through college with a part-time job and student loans on a $20-a-month payback anymore.

UMD Chancellor Lendley Black remembers those days, too, when states picked up 60-70% of total funding for colleges and universities.

But with funding levels from the state now around 18% and that number not likely to increase dramatically any time soon - if ever - Black says as the U of M enters the final stages of resolving what started as a $12 million dollar budget deficit, it's all about fundamentally rethinking the way higher education does business.